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What was the amount of interest charged

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Question - Anthony received a $37,750 loan from a bank that was charging interest at 3.25% compounded semi-annually.

a. How much does he need to pay at the end of every 6 months to settle the loan in 3 years?

b. What was the amount of interest charged on the loan over the 3-year period?

Reference no: EM133147357

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