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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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
