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For equipment upgrades, a business borrowed $500,000 at 10% compounded semiannually for 5 years. What are the semiannual payments (in dollars)? (Round your answer to

For equipment upgrades, a business borrowed $500,000 at 10% compounded semiannually for 5 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.)

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