Question
You have borrowed $10,000. The loan is a 4 year loan with payments every 6 months and an interest rate of 6% APR (compounded semi-annually).
You have borrowed $10,000. The loan is a 4 year loan with payments every 6 months and an interest rate of 6% APR (compounded semi-annually). How much interest will you pay in the first six months?
*USE FINANCIAL CALCULATOR*
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
