a loan of $7,000 is repaid by equal payments of $1,600 made at the end of every
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a loan of $7,000 is repaid by equal payments of $1,600 made at the end of every six months. interest is 7.2% compounded semi annually. find the number of semi annual payments required to settle the loan then construct an amortization schedule showing the total paid, the total interest and total principal repaid. find out what the final payment would be?
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