Question: Exercise 1 2 . 1 # 1 1 algo ( Calculator Version ) itsferencesKaren obtained a $ 4 0 , 0 0 0 loan at
Exercise # algo Calculator VersionitsferencesKaren obtained a $ loan at compounded semiannually.a What monthly payment will repay the loan in years? Do not round intermediate calculations and round your final answer to decimal places.Monthly paymenta How much interest will Karen pay over the life of the loan? Round intermediate calculations to decimal places and round your final answer to the nearest dollar.Total interest$
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