Question
Amber obtained a business loan of $380,000 at 3.78% compounded semi-annually. a) What was the size of the semi-annual payments to be made over 25
Amber obtained a business loan of $380,000 at 3.78% compounded semi-annually.
a) What was the size of the semi-annual payments to be made over 25 years in order to pay off the loan? Round to the nearest cent
b) Calculate the interest paid on the loan. Round to the nearest cent
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
