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A 35-year loan is to be repaid by half-yearly repayments of 8,000 starting in 6 months at an interest rate of 2.7% p.a. compounded
A 35-year loan is to be repaid by half-yearly repayments of 8,000 starting in 6 months at an interest rate of 2.7% p.a. compounded half yearly. Or, it can be repaid by year-end repayments of $X staring in one year. Calculate the yearly repayments $X. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67) Answer:
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Given that the interest rate is 27 compounded halfyearly Now the halfyearly interest ...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
