1. What is the scheduled loan payment for a $234,678 loan taken out for 13 years...
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1. What is the scheduled loan payment for a $234,678 loan taken out for 13 years at a 14.5 % annual interest rate, if interest is compounded on a semi-annual basis? How much total interest is paid in 13 years? What is the loan payment if interest is compounded monthly? What is the total interest payment? (20 points) 1. What is the scheduled loan payment for a $234,678 loan taken out for 13 years at a 14.5 % annual interest rate, if interest is compounded on a semi-annual basis? How much total interest is paid in 13 years? What is the loan payment if interest is compounded monthly? What is the total interest payment? (20 points)
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Principal P 234678 Annual Interest Rate R 145 when Interest is compounded Semi annually interest is ... View the full answer
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