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A $ 1 2 , 0 0 0 loan is repaid by semi - annual payments of $ 1 , 5 0 0 each. Interest
A $ loan is repaid by semiannual payments of $ each. Interest on the loan is compounded semiannually. How long will it take to pay off the loan?
a
years
b
years
c
years
d
years
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