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A loan of 1,000 is being repaid with payments of 200 at the end of each half-year for as long as necessary, plus a smaller

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A loan of 1,000 is being repaid with payments of 200 at the end of each half-year for as long as necessary, plus a smaller final payment. The nominal rate of interest is 6% compounded semiannually. What is the amount of interest paid in the 8th payment? (a) 188.93 (b) 115.13 (c) 101.61 (d) 244.94

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