[Solved] A borrower is repaying a $1000 loan with

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A borrower is repaying a $1000 loan with 20 equal payments of principal. Interest at 8% convertible semiannually is paid on the outstanding balance each

A borrower is repaying a $1000 loan with 20 equal payments of principal. Interest at 8% convertible semiannually is paid on the outstanding balance each year. Find the price to yield an investor 10% convertible semiannually

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