You borrow $30,000. You make half-yearly repayments over the next five years at an interest rate of

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You borrow $30,000. You make half-yearly repayments over the next five years at an interest rate of 12% per half-year. What is the size of each repayment?

a. $5,309.52

b. $4,076.04

c. $8,322.29

d. $7.121.89

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jan 01, 2021 02:20 PM

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You borrow $30,000. You make half-yearly repayments over the next five years at an interest rate of

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Accounting

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