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Problem #2: Kristoffer will repay an 10 year loan which accumulates interest at a nominal annual rate of 2% compounded [3 marks] semiannually through semiannual

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Problem #2: Kristoffer will repay an 10 year loan which accumulates interest at a nominal annual rate of 2% compounded [3 marks] semiannually through semiannual payments of $120. Find the outstanding balance after 4 years. Problem #2: Save

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