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Jane took a loan of 3 0 , 0 0 0 , which is amortized with level semi - annual payments over 1 0 years
Jane took a loan of which is amortized with level semiannual payments over
years at nominal annual interest rate of converted monthly.
a How much is each payment?
b Jane just made th payment. What is the outstanding balance?
c Out of the th payment, how much of it was used pay off the principle?
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