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GOAL # Go! Problem 3 of 26 Prev Next Grade Exit Question A company repays a loan of $100,000 over a twelve-year period with equal
GOAL # Go! Problem 3 of 26 Prev Next Grade Exit Question A company repays a loan of $100,000 over a twelve-year period with equal payments at the end of each year. Interest is at the nominal annual rate of 4% compounded semiannually. In which of the following ranges is the total amount of interest paid over the twelve-year period? Possible Answers A $10,000 but $15,000 but $20,000 but $25,000
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