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Determine the amount that you originally borrowed, if you have been making student loan payments of $525 at the beginning of every third month for

Determine the amount that you originally borrowed, if you have been making student loan payments of

$525

at the beginning of every third month for 7 years, and if you are being charged

13%

, compounded semi-annually. (6 marks)

2. Determine the amount that you originally borrowed, if you have been making student loan payments of $525 at the beginning of every third month for 7 years, and if you are being charged 13\%, compounded semi-annually. (6 marks)

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