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. Question 7 (1 point) Saved Tim borrowed $23,500 at a rate of 8.96% compounded semi-annually (2). Calculate his monthly payments if he amortizes his

. Question 7 (1 point) Saved Tim borrowed $23,500 at a rate of 8.96% compounded semi-annually (2). Calculate his monthly payments if he amortizes his payments over 5 years. Your Answer: 23500

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