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Alexandra takes out a loan of 2,000 to pay for an emergency vet bill. She will repay the loan over 6 months at 8.12% pa

Alexandra takes out a loan of 2,000 to pay for an emergency vet bill. She will repay the loan over 6 months at 8.12% pa interest compounded fortnightly. Calculate:

  1. Alexandras fortnightly repayments

  2. The outstanding balance on the loan after 6 fortnights.

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