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Arnel had to make payments of $971 every 6 months to settle a $23000 loan that he received at 5.07% compounded semi-annually. How long, IN
Arnel had to make payments of $971 every 6 months to settle a $23000 loan that he received at 5.07% compounded semi-annually. How long, IN YEARS AND MONTHS, did it take to settle the loan? For the calculator value of N, write your answer to 1 decimal place. N: I/Y: PV: PMT: FV: P/Y: C/Y: Based on this, Arnel will have to make payments in total. This will take him years and months.
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