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For a 2 5 - year loan of 1 2 , 0 0 0 at 6 % nominal annual interest ( compounded semiannually ) with
For a year loan of at nominal annual interest compounded semiannually
with payments at the end of each half year find the following:
a The semiannual payment amount
b The outstanding balance after the th payment
c The amount of interest in the th payment
d The amount of principal in the th payment
e The amount of interest in the th payment
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