Question
Jean and Walter Pereira financed the addition of a swimming pool using a $24,000 home improvement loan from their bank. Monthly payments were based on
Jean and Walter Pereira financed the addition of a
swimming pool using a $24,000 home improvement loan from their bank.
Monthly payments were based on an interest rate of 7.2% compounded
semiannually and a five-year amortization. Construct the amortization schedule
for the debt. What total interest will the Pereira pay over the life of the loan?
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
134137043, 134137049, 978-0131531130
