Question
Suppose you take a 6 year loan of $30,000 with an annual interest rate of 6% and semi-annual payments starting at the end of year
Suppose you take a 6 year loan of $30,000 with an annual interest rate of 6% and semi-annual payments starting at the end of year 1. The semi-annual loan payments are $3,013.86. Suppose you decide to pay off the loan at the end of year 3. How much would you have to pay (including the time 3 payment), assuming there are no penalties for early repayment?
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
