Semiannual payments of $3,200 are made for 12 years to repay a loan at 9.9% compounded semiannually.

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Semiannual payments of $3,200 are made for 12 years to repay a loan at 9.9% compounded semiannually.
In Problems, find i (the rate per period) and n (the number of periods) for each loan at the given annual rate.

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:34 AM

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Semiannual payments of $3,200 are made for 12 years to repay a loan at 9.9% compounded semiannually.

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College Mathematics for Business Economics Life Sciences and Social Sciences

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