A loan of $20,000 is to be repaid by equal semiannual payments over three years at 7.5% compounded semiannually. Construct an amortization schedule for the loan. How much interest is paid in total?

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The Answer of A loan of $20,000 is to be repaid by equal semiannual payments over three years at 7.5% compounded semiannually. Construct an amortization schedule for the loan. How much interest is paid in total?

A Loan of $20,000 Is to Be Repaid by Equal