You miss the 11th to 13th payments of a loan. The loan payments are $509.27 each month and the interest rate is 8.54% compounded semi-annually.
You miss the 11th to 13th payments of a loan. The loan payments are $509.27 each month and the interest rate is 8.54% compounded semi-annually. How much are you behind in your payments on the day that you miss the 13th payment? I think loan payment or amount
A) $1658.18
B) $1568.40
C) $1538.52
D) $1508.04
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Authors: Chris Hoggart
1st Edition
1902423704, 978-1902423708
