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A loan of $ 2 4 , 8 0 0 . 0 0 at 5 . 0 0 % compounded semi - annually is to
A loan of $ at compounded semiannually is to be repaid with payments at the end of every months. The loan was settled in years.
a Calculate the size of the periodic payment.
$
$
$
$
b Calculate the total interest paid.
$
$
$
$
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