A debt of $12 500 with interest at 7% compounded semi-annually is repaid by payments of $1900

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A debt of $12 500 with interest at 7% compounded semi-annually is repaid by payments of $1900 made at the end of every three months. Construct an amortization schedule showing the total paid and the total cost of the debt.

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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 04:09 AM

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A debt of $12 500 with interest at 7% compounded semi-annually is repaid by payments of $1900

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PV nc 12 50000 i 35 PMT 190000 c 24 1 p 10352 12 1 1017349 1 17349 Amortization Schedule Pay...View the full answer

Contemporary Business Mathematics with Canadian Applications

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