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A debt of $5000 is to be amortized with 10 equal semiannual payments. If the interest rate is 8%, compounded semiannually, what is the size
A debt of $5000 is to be amortized with 10 equal semiannual payments. If the interest rate is 8%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.) $ Need Help? Read It Show My Work (Optional) -/1 Points] DETAILS Watch It HARMATHAP12 6.5.005.MI. A recent graduate's student loans total $13,000. If these loans are at 4.6%, compounded quarterly, for 12 years, what are the quarterly payments? (Round your answer to the nearest cent.) $ MY NO
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