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A debt of $ 1 2 , 1 0 0 with interest at 7 % compounded semi - annually is repaid by payments of $

A debt of $

12, 100

with interest at

7 %

compounded semi

-

annually is repaid by payments of $

1, 750

made at the end of every

3

months. Construct an amortization schedule showing the total paid and the total cost of the debt

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