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Maria obtained a business loan of $295,000 at 5.03% compounded semi-annually. a. What was the size of the semi-annual payments to be made over 25

Maria obtained a business loan of $295,000 at 5.03% compounded semi-annually.

a. What was the size of the semi-annual payments to be made over 25 years in order to pay off the loan?

b. Calculate the interest paid on the loan.

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