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payment following the time indicated; and ( d ) the principal repaid by the payment following the time indicated for finding the outstanding principal.

payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal.
\table[[Debt Principal,\table[[Repayment],[Period]],\table[[Payment],[Interval]],Interest Rate,\table[[Conversion],[Period]],\table[[Outstanding],[Principal After:]]],[$18,000,8 years,6 months,7%,semi-annually,7 th payment]]
(a) The size of the periodic payment is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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