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The interest amount on a $54,500 loan was $77,218.46. The interest rate charged on loan was 8.00% compounded semi-annually. a. What was the accumulated value

The interest amount on a $54,500 loan was $77,218.46. The interest rate charged on loan was 8.00% compounded semi-annually.

a.What was the accumulated value of the loan?

Round to the nearest cent

b.What was the time period of the loan?

yearsmonths

Enter your answer in years and months, rounding to the nearest month

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