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Question 3 of 6 A loan of $33,750.00 at 5.50% compounded semi-annually is to be repaid with payments at the end of every 6 months.

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Question 3 of 6 A loan of $33,750.00 at 5.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. O $3,597.29 O $4,477.54 $3,906.22 $4,284.26 b. Calculate the total interest paid. O $5,312.20 O $39,062.20 O $1,405.98 $9,218.42

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