Suppose that in the loan described, the borrower paid off the loan after the time indicated. Calculate the amount needed to pay off the loan.$9200; 9.4% compounded semiannually; 18 semiannual payments; paid off after 4 years.
A. $5029.02
B. $11,400.15
C. $6023.06
D. $11.97
Answer: C
Mathematics
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