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4.7 Major Aviation has borrowed $120 million at 8 percent per year compounded semi-annually. The principal and interest are due in 10 years. How much

4.7 Major Aviation has borrowed $120 million at 8 percent per year compounded semi-annually. The principal and interest are due in 10 years. How much does Major Aviation have to pay in 10 years to pay off the loan?

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