Question
What payment is required at the end of every six months for 7.5 years to repay a loan of $3,175.00 at 4% compounded semi-annually?
What payment is required at the end of every six months for 7.5 years to repay a loan of $3,175.00 at 4% compounded semi-annually? The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
