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A loan of $22,750.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled

A loan of $22,750.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years.

a. Calculate the size of the periodic payment.

b. Calculate the total interest paid.

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