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A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much principal is repaid as

A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much principal is repaid as part of the 28th payment? b) What is the outstanding balance of the loan after 34 payments?

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