Business, 02.02.2021 14:00, melaniespinkhaow4w1j

You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months starting 5 years from now. The interest rate is 12% compounded semiannually. Calculate: The effective interest rate The amount of each semiannual payment The total interest paid

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You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months startin...