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A.A debt of $25,000 must be repaid in a series of equal payments for 5 years. The nominal annual interest rate is 6%. a (5
A.A debt of $25,000 must be repaid in a series of equal payments for 5 years. The nominal annual interest rate is 6%. a (5 pts). If interest is compounded monthly, the amount of payment per month is equal to
Group of answer choices
A.$410
B.$440
C.$467
D.$483
B.Using the pay schedule in (a), the total interest paid on this debt is
Group of answer choices
A.$3140
B.$3320
C.$3560
D.$3980
C.If interest is compounded every 6 months, the amount of semi-annual payment is
Group of answer choices
A.$2883
B.$2930
C.$2971
D.$3012
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