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In: Economics

Company X took a loan of $400,000 and wants to know the semiannual payment for the...

Company X took a loan of $400,000 and wants to know the semiannual payment for the next 10 years at the loan interest of 8% per year compounded quarterly.

please find the simiannual payment showing all the steps.

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Expert Solution

Rahul Sunny answered 2 years ago
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