If you applied for a $4,500 loan, to be repaid in 3 years with semiannual payments at

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If you applied for a $4,500 loan, to be repaid in 3½ years with semiannual payments at an interest rate of 9%, compounded semiannually, what will be your regular payment?

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Posted Date: Jan 29, 2024 09:12 PM

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If you applied for a $4,500 loan, to be repaid in 3 years with semiannual payments at

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To calculate the regular payment for a loan we can use the formula for fixed installment loans PMT ... View the full answer

Calculus

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