You are taking a $2000 loan. You will pay it back in four equal
amounts, paid every 6 months starting years from now. The interest
rate is 14% compounded semiannually. Calculate:

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Question: You are taking a $2000 loan. You will pay it back in four equal amounts, paid every 6 months star…
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a. The effective interest rate,

b. The amount of each semiannual paymnet, and

c. The total interest rate.

Also: Repeat (a) and (b) but assuming compounding is done
monthly (instead of semi-annually)

and Repeat (b) and (b) but assuming compounding is done
continuously.

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