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A $60,000 loan at 12% compounded semiannually is to be repaid by monthly payments of $1000. 10. What is the size of the final payment?

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A $60,000 loan at 12% compounded semiannually is to be repaid by monthly payments of $1000. 10. What is the size of the final payment? $685.83 $692.53 0 $1000.00 $307.47 O $726.98

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