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The interest rate on a $ 1 0 6 , 0 0 0 loan is 7 . 6 % compounded semiannually. The monthly payments on
The interest rate on a $ loan is compounded semiannually. The monthly payments on the loan are $Round your answers to decimal places.
a Calculate the interest component of Payment
Interest $
b Calculate the principal component of Payment
Principal $
c Calculate the final payment.
Final payment $
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