Question
What would your payment be on an 8-year, $110,000 loan at 12% interest compounded semi-annually, assuming the payments are made annually? (round your final answer
What would your payment be on an 8-year, $110,000 loan at 12% interest compounded semi-annually, assuming the payments are made annually? (round your final answer to 2 decimals)
Please use financial calculator and explain the steps.
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
