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Posted on May 13, 2024

A debt of $ 5 , 0 0 0 . 0 0 is to be paid off with 8 equal semi - annual payments. If

A debt of $

5, 000.00

is to be paid off with

8

equal semi

-

annual payments. If the interest rate is

12 %

compounded semi

-

annual, what is the size of the payment?

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