Question: hello Could some one please help me I have error in my result. fA loan of $25,250.00 at 2.00% compounded semi-annually is to be repaid
hello Could some one please help me I have error in my result.




\fA loan of $25,250.00 at 2.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 4years. a. Calculate the size of the periodic payment. 0 $3,384.23 0 $4,312.29 (:3: $3,246.02 0 $4,211.22 Sophie received a $35,300 loan from a bank that was charging interest at 5.5% compounded semiannually. a. Howr much does she need to pay at the end of every 6 months to settle the loan in 5 years? Round to the nearest cent b. What was the amount of interest charged on the loan over the 5year period? Sophie leased equipment worth $55,000 for 8 years. Ifthe lease rate is 5.50% compounded monthly, calculate the size of the lease payment that is required to be made at the beginning of each month. Round to the nearest cent
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