Zachary received a $35,850 loan from a bank that was charging interest at 3.50% compounded semi-annually. a. How much does he need to pay at
Zachary received a $35,850 loan from a bank that was charging interest at 3.50% compounded semi-annually.
a. How much does he need to pay at the end of every 6 months to settle the loan in 4 years?
Round to the nearest cent
b. What was the amount of interest charged on the loan over the 4-year period?
Round to the nearest cent
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Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
