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A student takes out a loan of $ 1 comma 9 0 0 at the beginning of each semester ( semi - annually ) for
A student takes out a loan of $ comma at the beginning of each semestersemiannually for semesters to pay for college. The loan charges interest compounded semiannually. The student graduates after the semesters and refinances the loan to a lower rate compounded monthly with monthly payments made at the end of each month for months. Find the monthly payment and the total interest paid using the tvm solver.
A student takes out a loan of $ comma at the beginning of each semestersemiannually for semesters to pay for college. The loan charges interest compounded semiannually. The student graduates after the semesters and refinances the loan to a lower rate compounded monthly with monthly payments made at the end of each month for months. Find the monthly payment and the total interest paid using the tvm solver.
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