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To repay a $400,000 loan you are required to make 16 equal sized repayments every six months. If the loans interest rate is 6% p.a.
To repay a $400,000 loan you are required to make 16 equal sized repayments every six months. If the loans interest rate is 6% p.a. compounded half yearly, what is the principal repaid at the time of the first repayment
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