[Steps Shown] A 20 year loan requires semi-annual payments of $1333.28 including interest at 10.75% compounded semi-annually. What is the original amount
Question: A 20 year loan requires semi-annual payments of $1333.28 including interest at 10.75% compounded semi-annually. What is the original amount of the loan and what will be the balance of the loan 8 ½ years later (just after the scheduled payment)? (6 marks)
Deliverable: Word Document 
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