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PLEASE USE TIBAA II CALCULATOR FUNCTIONS NO FORMULAS. use p/y n etc 6. What is the nominal annual rate of interest compounded semi-annually? (4 marks)

PLEASE USE TIBAA II CALCULATOR FUNCTIONS NO FORMULAS. use p/y n etc image text in transcribed
6. What is the nominal annual rate of interest compounded semi-annually? (4 marks) A loan of $15,000 is repaid by quarterly payments of $700 each, at 8% compounded quarterly. What is the principal repaid by the 25th payment? (4 marks) batifdanaritmadaha and fansiv month that illimitata

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