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drobinson:
Using technology, determine the semi-annual payment on a 3 year loan of $8,561 at 9.1% compounded semi-annually. Round your answer to the nearest cent.
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Mercury:
https://www.mycalculators.com/ca/saloanm.html plug in 3*6 = 18 semiannual loan payments, 8561 as the loan amount, and 9.1 as the interest rate compounded semi-annually
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