Question: David obtained a $34,000 loan at 3.3% compounded semiannually. 1) What monthly payment will repay the loan in 7 1/2 years 2) How much interest

David obtained a $34,000 loan at 3.3% compounded semiannually.

1) What monthly payment will repay the loan in 7 1/2 years

2) How much interest will David pay over the life of the loan

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