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Assume that you borrow $100,000 for five years at an interest rate of 6.0% per year. If the loan has semiannual payments, what is the total amount of interest that you will pay over the life of the loan?

A) $19,510.07 B) $18,715.98 C) $16,484.40 D) $15,847.60 E) $17,230.50

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92394258

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