What is the interest content of the 4th payment

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Reference no: EM13302174

I borrow $37500 at an interest rate of 6% compounded semi annually and agree to repay the debt by level annual instalments of $2250, the first due in 6 months. How many full payments must I make? What is the interest content of the 4th payment? What final payment should I make one month after the last full payment to discharge the debt?

Reference no: EM13302174

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