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For equipment upgrades, a business borrowed $300,000 at 8% compounded semiannually for 6 years. What are the semiannual payments (in dollars)? (Round your answer to

For equipment upgrades, a business borrowed $300,000 at 8% compounded semiannually for 6 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.)

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