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plz answer both questions pla i need answer to just question 11 10. Matt borrowed $13 000 at 5.5% compounded semi-annually. If the loan is
plz answer both questions
pla i need answer to just question 11
10. Matt borrowed $13 000 at 5.5% compounded semi-annually. If the loan is to be repaid in equal semi-annual payments over 2 years and the first payment is due in 3 years after the date of the loan. What is the size of each monthly payment? 11. How much can be paid in scholarships at the end of each year if $200 000 is deposited in a trust fund and interest is 5.5% compounded annually Step by Step Solution
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