A loan of $5000 is paid off with payment of $532.76 made at the end of each six-month period for six years. The interest rate
A loan of $5000 is paid off with payment of $532.76 made at the end of each six-month period for six years. The interest rate is 8% compounded semi-annually Find the outstanding balance of the loan after the fourth payment has been made. Group of answer choices $4262.08 $1933.86 $2868.96 $3586.95
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Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
