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A debt of $6800 is repaid in semi-annual installments of $750. If interest is 8.4% compounded semi-annually, what is the size of the final payment?
A debt of $6800 is repaid in semi-annual installments of $750. If interest is 8.4% compounded semi-annually, what is the size of the final payment? ( Round n upto 6 decimal places and money to 2 d.p. ) PV = PMT = I/Y = C/Y = i = n = For last payment: n= Outstanding Balance = Interest = Final Payment =
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
