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A loan of 7,000 is repaid by payments of $382 7% compounded semi dash annually. (a) How many payments are required to repay thedebt? (b)

A loan of 7,000 is repaid by payments of $382 7% compounded semi dash annually.

(a) How many payments are required to repay thedebt?

(b) What is the size of the finalpayment?

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