Question: A $5000 loan is to be amortized with 8 equal, semi-annual payments. It interest is at j2 = 9% p.a., determine the semi-annual payment and

A $5000 loan is to be amortized with 8 equal, semi-annual payments. It interest is at j2 = 9% p.a., determine the semi-annual payment and construct an amortization schedule

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