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3.2.5 (a) A 5-year loan is amortized with semiannual payments of 200 each, starting 6 months after the loan is made. If PR = 156.24,

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3.2.5 (a) A 5-year loan is amortized with semiannual payments of 200 each, starting 6 months after the loan is made. If PR = 156.24, find (12) (b) A loan is repaid by 48 monthly payments of 200 each. The interest paid in the first 12 payments is 983.16 and the princi- pal repaid in the final 12 payments is 2215.86. Find (12)

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