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An auto repair shop borrowed $12,000 to be repaid by semi-annual payments over 7 years. Interest on the loan is 9% compounded semi-annually. (a) What

An auto repair shop borrowed $12,000 to be repaid by semi-annual payments over 7 years. Interest on the loan is 9% compounded semi-annually.

(a) What is the size of the periodicpayment?

(b) What is the outstanding principal after payment 6?

(d) How much principal is repaid in payment 7?

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