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An interest rate of 6% compounded continuously corresponds to an effective rate of A $10,000 loan is amortized by equal semiannual payments over 5 years.

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An interest rate of 6% compounded continuously corresponds to an effective rate of A $10,000 loan is amortized by equal semiannual payments over 5 years. If the interest rate is 8% compounded semiannually, then the principal repaid in the first payment is

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