A loan of $25,250.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. $2,579.99 $3,113.10 $2,810.99 $3,093.51 b. Calculate the total interest paid. $2,859.90 $28,109.90 $48.91 $5,670.89

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