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Stephanie took a loan of $65,000.00 for 42 months at 8.70% compounded semi-annually. Answer the following questions, rounding your answer to two decimal places. a.

Stephanie took a loan of $65,000.00 for 42 months at 8.70% compounded semi-annually. Answer the following questions, rounding your answer to two decimal places.

a. What is the maturity value of the loan.

b. What is the total amount of interest which accumulated on the loan to maturity?

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