Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an

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Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted to pay it off in four years. What would his payments be if he paid:

monthly,

bi-weekly,

weekly.

Related Book For answer-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Sep 01, 2023 11:13 PM

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Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an

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To calculate Rosss payments for paying off a 20000 loan in four years with a 435 annual interest rat... View the full answer

Personal Finance

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