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You MUST use the TI BA II calculator features ( N , I / Y , PV , PMT , FV , AMORT ) to
You MUST use the TI BA II calculator features N IY PV PMT FV AMORT to solve questions. Mike borrowed $ at compounded semiannually. If the loan is to be repaid in equal semiannual payments over three years and the first payment is due four years after the date of the loan, what is the size of the semiannual payment?
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