Question
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
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. The interest portion of the fifth payment is:
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Financial Management For Nonprofit Human Service Organizations
Authors: Raymond Sanchez Mayers
2nd Edition
0398075131, 9780398075132
