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x You take a loan from the bank, borrowing $50,000 for five years. The interest rate is 6.000% (SA). Your semi-annual payments are principal and

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x You take a loan from the bank, borrowing $50,000 for five years. The interest rate is 6.000% (SA). Your semi-annual payments are principal and interest, and at the end of the 5 years, you owe the bank $0 (ie. FV = 0). What is the semi-annual payment amount? Answer in S, to two decimal places i.e. Sxxxxx 16 You successfully saved $1,000,000 for retirement. The money is sitting in a savings account that is earning 7.200%{M). How much can

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