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    Business Mathematics Study Set 1
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    Exam 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
  5. Question
    What Semi-Annual Payment Would Be Required to Pay Off a Loan
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What Semi-Annual Payment Would Be Required to Pay Off a Loan

Question 213

Question 213

Short Answer

What semi-annual payment would be required to pay off a loan of $5,000 at 8.5% compounded semi-annually over five years?

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