Question
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
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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Get StartedRecommended Textbook for
Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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