A contractor's price for a new building was $85 100.00. Stampede Inc., the buyers of...
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Accounting
A contractor's price for a new building was $85 100.00. Stampede Inc., the buyers of the building, paid $14 000.00 down and financed the balance by making equal payments at the end of every six months for 14 years. Interest is 12% compounded semi-annually. a) What is the size of the semi-annual payment? b) How much will Stampede Inc. owe after 6 years? c) What is the total cost of the building for Stampede Inc.? d) What is the total
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