Question 3 --/3 Mr. Klebetz borrowed $7500 at 6% compounded semi-annually. He agreed to repay...
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Question 3 --/3 Mr. Klebetz borrowed $7500 at 6% compounded semi-annually. He agreed to repay the loan with equal payments at the end of each month for four years. a) What is the value of the equal payments? b) What should the value of the final payment be to perfectly pay off the debt, leaving the balance $0.00? Type your
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