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You borrowed $40,000 to go to school. The bank agreed that you could repay the loan by making 180 equal monthly payments, starting 12 months

You borrowed $40,000 to go to school. The bank agreed that you could repay the loan by making 180 equal monthly payments, starting 12 months from now. If the bank is charging 6.5% per year compounded semi-annually, what are your monthly payments?

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