Question: A $ 5 0 , 0 0 0 loan with interest at 8 % compounded semiannually is being paid off with monthly payments of $

A $50,000 loan with interest at 8% compounded semiannually is being paid off with monthly payments of $400.
a. How many payments will it take to repay the loan?
A $50,000 loan with interest at 8% compounded semiannually is being

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