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A debt of $82500 is repaid by payments of $5850 made at the end of each year. Interest compounded semi-annually. a) How many payments are
A debt of $82500 is repaid by payments of $5850 made at the end of each year. Interest compounded semi-annually. a) How many payments are needed to repay the debt?(Points=2) b) What is the cost of the debt for the first three years?(Points=2) ho c) What is the principal repaid in the 3rd year?(Points=2) d) Construct an amortization schedule showing details of the first three payments, the las payments, and totals.(Points=4) A debt of $82500 is repaid by payments of $5850 made at the end of each year. Interest compounded semi-annually. a) How many payments are needed to repay the debt?(Points=2) b) What is the cost of the debt for the first three years?(Points=2) ho c) What is the principal repaid in the 3rd year?(Points=2) d) Construct an amortization schedule showing details of the first three payments, the las payments, and totals.(Points=4)
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