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Calculate the size of the periodic payment

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Reference no: EM133144761

Question - A loan of $33,550.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years.

Required -

a. Calculate the size of the periodic payment.

b. Calculate the total interest paid.

Reference no: EM133144761

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