Jacqueline received a $30,950 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...


Jacqueline received a $30,950 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?


Round to the nearest cent


b.
What was the amount of interest charged on the loan over the 5-year period?


Jun 01, 2022
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