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PLEASE ANSWER ASAP. MANUAL COMPUTATION. A debt of $60,000 is repaid over 25 years with monthly payments. Interest is 7% compounded semi-annually. a. What is
PLEASE ANSWER ASAP. MANUAL COMPUTATION.
A debt of $60,000 is repaid over 25 years with monthly payments. Interest is 7% compounded semi-annually. a. What is the size of the periodic payments? b. What is the outstanding principal after the 119th payment? c. What is the interest paid in the 120th payment? d. How much principal is repaid in the 120th payment?
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