Mathematics, 21.10.2020 22:01 sammilower04

Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he pays off the loan in 5 years, how much will he end up paying? Round your answer to the nearest cent. Do NOT round until you have calculated the final answer.

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Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he pay...

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