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a,b,c,d A debt of $39,000 is repaid over 9 years with payments occurring semi-annually. Interest is 5% compounded montl (a) What is the size of
a,b,c,d
A debt of $39,000 is repaid over 9 years with payments occurring semi-annually. Interest is 5% compounded montl (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 10 ? (c) What is the interest paid on payment 11 ? (d) How much principal is repaid in payment 11 ? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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