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You are due to pay a constant loan payment semi-annually with payments starting in 6 months. The semi-annual interest rate is 2.5%. These payments will

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You are due to pay a constant loan payment semi-annually with payments starting in 6 months. The semi-annual interest rate is 2.5%. These payments will occur for 9 years, because at that date the loan amount paid will be $40,000. What is the constant loan payment? A 4,018.28 B $1,786.80 C$3,627.60 D $2,786.80

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