A family wants to renovate their home and needs 86000 euro credit for it The bank grants the credit with the following terms The principal payment is fixed The loan period is 2 years The loan payments are made semi annually The interest rate is 3 8 p a The credit fee is 6020 0 Calculate the total c...

To calculate the total costs of the loan we need to consider the principal payment interest payments ...

A family wants to renovate their home and needs 86000 euro credit for it. The bank grants

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A family wants to renovate their home and needs 86000 euro credit for it. The bank grants the credit with the following terms:

The principal payment is fixed
The loan period is 2 years
The loan payments are made semi-annually
The interest rate is 3.8 % p.a
The credit fee is 6020.0 €

Calculate the total costs of the loan.

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: May 29, 2023 05:25 AM

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A family wants to renovate their home and needs 86000 euro credit for it. The bank grants

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Mathematical Applications for the Management Life and Social Sciences

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