Question: Double Circle, Inc. just signed a five - year loan agreement to purchase a piece of property. If the property cost was $ 1 6

Double Circle, Inc. just signed a five-year loan agreement to purchase a piece of property. If the property cost was $160,000, what would be the size of each equal semi-annual payments to amortize the loan at an interest rate of 10%? How much interest will the company be paying over the five-year period?
a) Payment q,
b) Interest paid q,
Please explain how you do it in detail.
 Double Circle, Inc. just signed a five-year loan agreement to purchase

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