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Posted on Jul 24, 2024

Suppose you take a 1 0 year loan of $ 2 5 , 0 0 0 with an annual interest rate of 1 4 %

Suppose you take a

10

year loan of $

25, 000

with an annual interest rate of

14 %

and semi

-

annual payments starting at the end of the first period. What are the semi

-

annual loan payments?

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