Company wants to pay off the remaining amount of loan

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An agriculture company took a loan of $12,000 six years ago, at an interest rate 9% compounded semiannually and agreed to pay it back in equal payments over a period of 12 years. Now this company wants to pay off the remaining amount of loan. How much should it pay given that the company has just made the sixth payment?

Reference no: EM131965878

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