Question: 5.4 Homework: Problem 4 Previous Problem Problem List Next Problem Show (1 point) A farmer buys a piece of land for $51000. The farmer makes

5.4 Homework: Problem 4 Previous Problem Problem List Next Problem Show

5.4 Homework: Problem 4 Previous Problem Problem List Next Problem Show (1 point) A farmer buys a piece of land for $51000. The farmer makes a down payment of 10 percent and amortizes the remaining balance for 8 years at 9.63 percent compounded semi-annually. What are his semi-annual payments? How much total did the farmer actually pay for the land

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