Question: Li Jun received a $ 3 0 , 8 0 0 loan from a bank that was charging interest at 4 . 5 0 %

Li Jun received a $30,800 loan from a bank that was charging interest at 4.50% compounded semi-annually.
a. How much does she need to pay at the end of every 6 months to settle the loan in 5 years?
b. What was the amount of interest charged on the loan over the 5-year period?

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