Question: Question 20 (1 point) Sally borrowed $6,000 at a rate 9.50% compounded semi-annually and agreed to repay it with two payments. The first payment of
Question 20 (1 point) Sally borrowed $6,000 at a rate 9.50% compounded semi-annually and agreed to repay it with two payments. The first payment of $5,000 is required two years after the date of the loan. A second payment in the amount needed to pay off the loan is due one year later (3 year mark). Calculate the amount of her second payment. Your
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