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How long will it take monthly payments of $400 to repay a $50,000 loan if the interest rate on the loan is 8% compounded semiannually?(Round

How long will it take monthly payments of $400 to repay a $50,000 loan if the interest rate on the loan is 8% compounded semiannually?(Round your answer UP to the next whole month.) ___Months

b. How much will the time to repay the loan be reduced if the payments are $40 per month larger?(Round your answer UP to the next whole month.) ___ Months

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