A loan of $25,800.00 at 4.00% compounded semi-annually.Is to be repaid with payments at the end of

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A loan of $25,800.00 at 4.00% compounded semi-annually.Is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years.

Calculate the size of the periodic payment.

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jul 24, 2023 03:46 AM

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A loan of $25,800.00 at 4.00% compounded semi-annually.Is to be repaid with payments at the end of

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To calculate the size of the periodic payment we can use the formula for the ... View the full answer

Principles of Finance

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