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The interest rate on a $ 1 0 0 0 0 0 loan is 7 . 2 % compounded semiannually. The monthly payments on the
The interest rate on a $ loan is compounded semiannually. The monthly payments on the loan are $Do not round intermediate calculations. Round the PMT and final answers to decimal places.
a Calculate the interest component of Payment
b Calculate the principal component of Payment
c Calculate the final payment
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