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Rana wants to buy a land that costs $30,000. She borrowed the total amount needed to buy the land from her local bank at an

Rana wants to buy a land that costs $30,000. She borrowed the total amount needed to buy the land from her local bank at an interest rate equal to 14%. The loan requires semiannual payments for a period of five years. The first payment will be due in six months. What is the amount of the semi-annual payment on the loan

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