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A loan, amortized over 5 years, is repaid by making payments of $800 at the end of every month. If the interest rate is 4.50%
A loan, amortized over 5 years, is repaid by making payments of $800 at the end of every month. If the interest rate is 4.50% compounded semi-annually, what was the Ioan principal? Round to the nearest cent
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