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BJ's Trucking has Purchased a new truck for $95000. They have agreed to make 8 semi-annual payments (4 years) at 16% APR compounded semiannually. The
BJ's Trucking has Purchased a new truck for $95000. They have agreed to make 8 semi-annual payments (4 years) at 16% APR compounded semiannually.
The amortization schedule is shown below, fill in the missing blanks, and answer the questions below. Round all answers to the nearest cent.
What is the total interest paid by the company after all payments have been madeStep by Step Solution
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