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A local business received a $42,500 loan at 3.55% compounded semi-annually. The business settled the loan with monthly payments of $725. a. How many payments

A local business received a $42,500 loan at 3.55% compounded semi-annually. The business settled the loan with monthly payments of $725.

a. How many payments are required to settle the loan?

b. What was the interest portion of payment 22?

c.What was the size of the final payment?

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