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Provided information : -Loan of 3600$ with an interest rate of 3% compounded semi-annually. -Need to pay it back in full with 3 semi-annual payments
Provided information :
-Loan of 3600$ with an interest rate of 3% compounded semi-annually.
-Need to pay it back in full with 3 semi-annual payments of equal amount.
What would be the amount of the payments?
Please provide guidance. Thanks!
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