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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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