Question
General Computers Inc. purchased a computer server by taking a loan of $37,000 at 4.50% compounded semi-annually. It made payments of $2,550 at the end
General Computers Inc. purchased a computer server by taking a loan of $37,000 at 4.50% compounded semi-annually. It made payments of $2,550 at the end of every half-year to settle the loan.
a. How many payments are required to settle the loan?
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
