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A 20-year loan requires semiannual payments of $1,725.33 including interest at 3.8% compounded semiannually. a. What was the original amount of the loan? b. What
A 20-year loan requires semiannual payments of $1,725.33 including interest at 3.8% compounded semiannually. a. What was the original amount of the loan? b. What is the loan's balance 8.5 years later (just after the scheduled payment)?
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