Question
An $80,000 loan is amortized by monthly payments over 25 years. The interest rate charged is 10% compounded semi-annually. What will the principal balance be
An $80,000 loan is amortized by monthly payments over 25 years. The interest rate charged is 10% compounded semi-annually.
What will the principal balance be after three years?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
