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The interest rate on $ 1 5 , 8 0 0 loan is 1 0 . 2 % compounded semi annually semi annual payment will

The interest rate on $

15, 800

loan is

10.2 %

compounded semi annually semi annual payment will pay off the loan in seven yeas.A calculate the interest component of payment

10 .

B calculate the principal component of payment

3 .

C calculate the interest paid in Year

6 .

.

How much do payments

32

snacks include reduced the principal balance?

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