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

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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.

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To calculate Ross s payments for paying off a 20 000 loan in four years with a 4 35 annual interest View the full answer


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Related Book For  answer-question
Personal Finance

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Question Details
Chapter # 7- Purchasing and Financing a Home
Section: Continuing Case
Problem: 1
Posted Date: September 01, 2023 23:13:08
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