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To start a small business, you take out a bank loan for $5,000. The bank offered you a three (3) year loan with a 1.5%

To start a small business, you take out a bank loan for $5,000. The bank offered you a three (3) year loan with a 1.5% APR compounded biannually. What is your total payback amount at the end of the three (3) year loan period? Show how you got your

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