you are taking a $100,000 mortgage loan for your business to be repaid over 5 years in equal semi-annual payments of $13,587 (that is, payments will be made at the end of each half-year). a) what is the APR on this loan, compounded semi-annually? b) what is the effective annual rate (EFF) on this loan? c) Calculate the loan amount that will be shown in the balance sheet of the business at the end of the first year. Clearly indicate what and how the calculated amount will be shown in the balance sheet.

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Calculating the Return On A Loan