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A loan of $39,500.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled
A loan of $39,500.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 4 years. a. Calculate the size of the periodic payment. $5,073.14 $6,360.92 $5,627.03 $6,340.00 b. Calculate the total interest paid. $5,516.24 $45,016.24 -$110.79 $11,143.27
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