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A loan of $ 3 9 , 2 0 0 . 0 0 at 4 . 5 0 % compounded semi - annually is to

A loan of $39,200.00 at 4.50% 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.
$3,511.41
$4,298.91
$3,763.88
$4,062.55
b. Calculate the total interest paid.
$5,966.56
$45,166.56
$2,202.68
$9,730.44

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