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A loan of $ 3 1 , 7 0 0 . 0 0 at 7 . 0 0 % compounded semi - annually is to

A loan of $31,700.00 at 7.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 4 years.
a. Calculate the size of the periodic payment.
$4,166.84
$5,308.73
$4,611.61
$5,184.36

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