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You have borrowed $21,500 as a small business loan. If the terms of the contract are 5.6% APR, semi-annual payments made at the end of

You have borrowed $21,500 as a small business loan. If the terms of the contract are 5.6% APR, semi-annual payments made at the end of each period for 5 years, how much interest will you pay on your 3rd payment?

375.92

724.15

989.03

105.81

494.52

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