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A company decides to contract 2 loans for a period of 8 years as follows: a USD 200,000 loan with a 4% semi-annual interest rate

A company decides to contract 2 loans for a period of 8 years as follows: a USD 200,000 loan with a 4% semi-annual interest rate and a USD 500,000 with a 2,5% quarterly interest rate What is the amount of interest rate in USD that the company will have to pay on each loan?

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