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Milton Investments borrowed $32,000 at 11% compounded semi-annually. The loan is repaid by payments of $4500 due at the end of every six months. Complete

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Milton Investments borrowed $32,000 at 11% compounded semi-annually. The loan is repaid by payments of $4500 due at the end of every six months. Complete parts (a) though (c). (a) How many payments are needed? The number of payments is (Round up to the nearest whole number.)

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