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A loan of $21,750.00 at 3.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was
A loan of $21,750.00 at 3.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 3 years. a. Calculate the size of the periodic payment. $3,328.42 $4,081.78 $3,850.24 $4,581.02
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