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A debt of $ 4 3 , 0 0 0 is repaid over 1 1 years with payments occurring semi - annually. Interest is 1
A debt of $ is repaid over years with payments occurring semiannually. Interest is compounded annually.
a What is the size of the periodic payment?
b What is the outstanding principal after payment
c What is the interest paid on payment
d How much principal is repaid in payment
a The size of the periodic payment is $
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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