A loan of $35,550.00 at 7.50% compounded semi-annually is to be repaid with payments at...
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Accounting
A loan of $35,550.00 at 7.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years.
a. Calculate the size of the periodic payment.
$4,003.47
$5,179.13
$4,328.62
$4,726.91
b. Calculate the total interest paid.
$7,736.20
$43,286.20
$3,407.58
$12,064.82
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