Find the unpaid balance immediately

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Question: A debt of $8000 is to be amortized with 8 equal semiannual payments of $1288.29. If the interest rate is 12%, compounded semiannually, find the unpaid balance immediately after the fifth payment. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131785218

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