Question: 6. (30 points) Construct an amortization schedule for a $800, 8% nominal rate loan with 8 semiannual equal payments. Use two decimal digit. Semiannual Periods

6. (30 points) Construct an amortization schedule for a $800, 8%

6. (30 points) Construct an amortization schedule for a $800, 8% nominal rate loan with 8 semiannual equal payments. Use two decimal digit. Semiannual Periods 1 Beginning Balance Semiannual Payment Interest Payment Principal Payment Ending Balance 2 8. Total a. Find semiannual payment: b. Find interest payment: periodic rate = interest payment = c. Find principal payment: semiannual payment - interest payment = d. Ending balance = beginning balance - principal payment = e. Total semiannual payment = semiannual payment x 8 =

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LO10.4 Convey how purely competitive firms can use the total-revenuetotal-cost approach to maximize profits or minimize losses in the short run.

LO9.4 Use economies of scale to link a firms size and its average costs in the long run.

LO9.5 Give business examples of short-run costs, economies of scale, and minimum efficient scale (MES).