Pinto Brothers are repaying a loan of $14 500 by making payments of $2600 at the end

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Pinto Brothers are repaying a loan of $14 500 by making payments of $2600 at the end of every six months. If interest is 7% compounded semi-annually, construct an amortization schedule showing the total paid and the total cost of the loan.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:08 AM

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Pinto Brothers are repaying a loan of $14 500 by making payments of $2600 at the end

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PV n 14 50000 PMT 260000 i 35 Amortization Schedule Payment number 0 1 2 3 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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