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What are your payments on a 7-year, $110,000 loan at 8.75% compounded semi-annually assuming the payments are made monthly? Question 3 options: $1,616 $1,660 $1,703

What are your payments on a 7-year, $110,000 loan at 8.75% compounded semi-annually assuming the payments are made monthly?

Question 3 options:

$1,616

$1,660

$1,703

$1,747

$1,791

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