5. A person wants to pay off a debt of $450,000 with 11 equal semiannual payments of...
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5. A person wants to pay off a debt of $450,000 with 11 equal semiannual payments of $37,000 and a final one for the remaining amount. If the interest rate is 18% convertible semiannually, how much would the last payment be? Prepare the Amortization table.
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