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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 30,000, which is amortized with level semi-annual payments over
10 years at nominal annual interest rate of 8% converted monthly.
a) How much is each payment?
b) Jane just made 7th payment. What is the outstanding balance?
c) Out of the 7th payment, how much of it was used pay off the principle?

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