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you are taking a 2000 loan. you will pay it back in four equ

Paper help Economics you are taking a 2000 loan. you will pay it back in four equ

Economics

you are taking a 2000 loan. you will pay it back in four equ

you are taking a 2000 loan. you will pay it back in four equal amounts, paid every six months stat 3… Show more you are taking a 2000 loan. you will pay it back in four equal amounts, paid every six months stat 3 years from now. the interest rate is 6% compounded semiannually. calculate: a) effective interest rate, b) the amount of each semiannual payment, c) the total interest paid. • Show less

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