Question: What semi-annual payment for 5 years will pay off a loan of $5000 with interest at j4 = 13%, if the first payment is made

What semi-annual payment for 5 years will pay off a loan of $5000 with interest at j4 = 13%, if the first payment is made 6 months from now?

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PMT PMT PMT 5000 0065 10065 10 10065... View full answer

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