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A debt of $60 000 is repaid over 25 years with monthly payments. Interest is 7% compounded semi- annually. Find the number of interest conversion

A debt of $60 000 is repaid over 25 years with monthly payments. Interest is 7% compounded semi- annually. Find the number of interest conversion periods per payment interval: 7/100 7/12 2/12 7%/2 NPV is more than zero if and only if PV (in) is more than PV (out) True False

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