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A loan of 250 000 at 10% converted annually is to be paid by semi-annual payments for three years. Find: a. Nominal Interest Rate b.

A loan of 250 000 at 10% converted annually is to be paid by semi-annual payments for three years.

Find:

a. Nominal Interest Rate

b. Semi-annual payment

c. Outstanding balance before first payment

d. Profit of Lender

e. Total amount of regular payment

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