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calculate the interest paid in year 7 12.00 points The interest rate on a $14,100 loan is 8.5% compounded semiannually. Semiannual payments will pay off

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12.00 points The interest rate on a $14,100 loan is 8.5% compounded semiannually. Semiannual payments will pay off the loan in eight years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.)

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