A local business received a $40,000 loan at 3.10% compounded semi-annually. The business settled the...
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A local business received a $40,000 loan at 3.10% compounded semi-annually. The business settled the loan with quarterly payments of $900. a. How many payments are required to settle the loan? 0 Round up to the nearest whole payment. SUBMITASSIGNME SAVE PROGRESS b. What was the interest portion of payment 18? $0.00 Round to the nearest cent c. What was the size of the final payment? 0 Round to the nearest cent
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