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4. A debt of $60 000 is re- paid over 25 years with monthly payments. Interest is 7% compounded semi- annually. a. What is the

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4. A debt of $60 000 is re- paid over 25 years with monthly payments. Interest is 7% compounded semi- annually. a. What is the size of the periodic payments? b. What is the out- standing principal after the 119th payment? c. What is the interest paid in the 120th payment? d. How much principal is repaid in the 120th payment

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