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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, I/Y, PV, PMT, FV, AMORT) to solve questions. Mike borrowed $14,000 at 6.5% compounded semi-annually. If the loan is to be repaid in equal semi-annual payments over three years and the first payment is due four years after the date of the loan, what is the size of the semi-annual payment?

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