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Nicole received a $29,400 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does he need to pay at

Nicole received a $29,400 loan from a bank that was charging interest at 4.50% compounded semi-annually.

a. How much does he need to pay at the end of every 6 months to settle the loan in 4 years? (Round to the nearest cent)

b. What was the amount of interest charged on the loan over the 4-year period?

(Round to the nearest cent)

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