Question
A property worth $35000 is purchased for 10% down and payments of $2100 at the end of every 6 months for 12 years. What is
A property worth $35000 is purchased for 10% down and payments of $2100 at the end of every 6 months for 12 years. What is the nominal annual rate of interest compounded semi-annually?
Please solve using formula
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
