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| rev | Admin | (Created page with "Seth, Janice, and Lori each borrow 5000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Seth has interest accumulated over the five years and pays all the interest and principal in a lump sum at the end of five years. Janice pays interest at the end of every six-month period as it accrues and the principal at the end of five years. Lori repays her loan with 10 level payments at the end of every six-month period. Calculate the total am...") | Nov 18'23 at 21:59 | +640 |