Question
Q1- Longcore Technologies has to settle a business loan of $60,000, which has an interest rate of 13% compounded semi-annually. The settlement will consist of
Q1- Longcore Technologies has to settle a business loan of $60,000, which has an interest rate of 13% compounded semi-annually. The settlement will consist of semi-annual payments of $12,000 (with the first payment being made six months from now). How many payments will it take to settle the loan?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
