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A loan of $38,250.00 at 5.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled

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A loan of $38,250.00 at 5.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 3 years. W a. Calculate the size of the periodic payment. b. Calculate the total interest paid.

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