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the correct answer is $44131.77 but I don't know how to do it. 16 A company buys machinery for $500000 and pays it off by
the correct answer is $44131.77 but I don't know how to do it. 
16 A company buys machinery for $500000 and pays it off by 20 equal six-monthly instalments, the first payment being made six months after the loan is taken out. If the interest rate is 12%pa, compounded monthly, how much will each instalment be Step by Step Solution
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Interest Rate Swaps And Their Derivatives A Practitioners Guide
Authors: Amir Sadr
1st Edition
0470443944, 978-0470443941
