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FOR THIS QUESTION BI MEANS EVERY OTHER, SEMI MEANS TWICE What payment is required to pay off a $91,000 loan in eight years if the
FOR THIS QUESTION BI MEANS EVERY OTHER, SEMI MEANS TWICE What payment is required to pay off a $91,000 loan in eight years if the interest rate on the loan is 7.8% compounded Semi-Annually (Do not round intermediate calculations and round your final answers to 2 decimal places) Payment Freq Required payment a. Annually b. Seelannually c. Quarterly d. Monthly
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