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laureen borrowed $5995.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $254.00 each. If the payments

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laureen borrowed $5995.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $254.00 each. If the payments are due at the end of very 6 months and interest is 5% compounded semi-annually, how long will Maureen have to make semi-annual payments? State your answer in years and months (from 0 to 11 months)

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