Question
A loan, amortized over 3 years, is repaid by making payments of $1,300 at the end of every month. If the interest rate is 4.75%
A loan, amortized over 3 years, is repaid by making payments of $1,300 at the end of every month. If the interest rate is 4.75% compounded semi-annually, what was the loan principal?
Round to the nearest cent
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
