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On Jan 1, 2010 you took out a loan of 40,000 that you pay back in equal regular blmonthly payments AC over six years, starting

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On Jan 1, 2010 you took out a loan of 40,000 that you pay back in equal regular blmonthly payments AC over six years, starting on March 1x 2010. Interest is at 12% per annum compounded bimonthly. DATE PAYMENTS PV or FV March 1st 2010 A A May 14 2010 A Jan 10 2016 How many payments are made? Determine if you're looking for the Present Value OR the Future Value of each payment (& date of this PV/FV). Then complete the Math expressions of the last column of the table. Write out the geometric sum of all the expressions of this column which will allow you to find A. STOP, DO NOT SOLVE for the exact value of A (You're not allowed to use the following data in the preceding parts of the exercise.) Given that the correct value for Ais 1569.31, how much is repaid over the 6-year period? How much is the interest paid

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