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Semi-annual payments are to be made against a $97,500 loan at 7.5% compounded semi-annually with a 10-year amortization. a. What is the amount of the

Semi-annual payments are to be made against a $97,500 loan at 7.5% compounded semi-annually with a 10-year

amortization.

a. What is the amount of the final payment?

b. Calculate the principal and interest portions of the payments in the final two years.

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