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LKI Ltd has borrowed $250,000 from Northpac Bank for a ten-year period with loan repayments to be made on a semi-annual basis

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LKI Ltd has borrowed $250,000 from Northpac Bank for a ten-year period with loan repayments to be made on a semi-annual basis. The fixed interest rate on the loan is 12% p.a. with interest compounded semi-annually. The total principal repaid by LKI Ltd in the first six-month period is closest to: