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Question 3 of 7 Molly received a loan of $26,000 at 5.5% compounded semi-annually. She had to make payments at the end of every half-year
Question 3 of 7 Molly received a loan of $26,000 at 5.5% compounded semi-annually. She had to make payments at the end of every half-year for a period of 5 years to settle the loan. a. Calculate the size of payments. A Round to the nearest cent Question 3 of 7 b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number Payment Interest Portion Principal Portion Principal Balance 0 $26,000.00 k Question 3 of 7 I 0.00 Total & >
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