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George Collins purchased a parcel of land for $1,200,000 with a 20% down payment and the remainder amortized over an 18-year period, at 10% interest.

George Collins purchased a parcel of land for $1,200,000 with a 20% down payment and the remainder amortized over an 18-year period, at 10% interest. What equal semiannual payments are required to amortize this loan over 18 years?

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