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A) If Kat obtained a business loan of $265,000.00 at 5.14% compounded semi-annually, how much should she pay at the end of every 6 months
A) If Kat obtained a business loan of $265,000.00 at 5.14% compounded semi-annually, how much should she pay at the end of every 6 months to clear the loan in 20 years?
Round to the nearest cent.
B) How much interest will an account earn if you deposited $730 at the end of every six months for 8 years and the account earned 5.25% compounded semi-annually?
Round to the nearest cent.
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