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Business, 26.08.2019 19:10 tyleeonfleek36

John fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in semiannual payments over the next 6 years. the interest rate on the debt is 12%, compounded semiannually. find the following. (round your answers to the nearest cent.) (a) the size of each payment $ correct: your answer is correct. (b) the total amount paid over the life of the loan $ incorrect: your answer is incorrect. (c) the total interest paid over the life of the loan

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