Business, 17.03.2020 00:58 sydneepollitt32

Suppose a loan of $38,000 is taken out with an annual interest rate of 8.125%, with interest compounded semiannually. If equal payments are also made semiannually, find the amount of each payment needed to amortize (pay off) the loan in 13 years.

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Suppose a loan of $38,000 is taken out with an annual interest rate of 8.125%, with interest compoun...

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