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A loan of $31,000.00 at 4.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled
A loan of $31,000.00 at 4.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years. a. Calculate the size of the periodic payment. $2,776.88 $3,399.65 $2,976.54 $3,212.73 b. Calculate the total interest paid. $4,718.48 $35,718.48 $1,741.94 $7,695.02
A loan of $31,000.00 at 4.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years.
a. Calculate the size of the periodic payment.
$2,776.88
$3,399.65
$2,976.54
$3,212.73
b. Calculate the total interest paid.
$4,718.48
$35,718.48
$1,741.94
$7,695.02
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Urban Public Finance
Authors: D. Wildasin
1st Edition
0415851882, 978-0415851886
