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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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