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Suppose you took out a $34,000 loan at 3.85% APR that requires semi-monthly payments over...

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Finance

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Suppose you took out a $34,000 loan at 3.85% APR that requires semi-monthly payments over a period of 7 years. What is the amount of the semi-monthly payment? Note: Your answer must be accurate to within five cents. Suppose you took out a $30,000 loan at 0.48% interest per month that requires end- of-month payments over a period of 9 years. What is the amount of the monthly payment? Note: Your answer must be accurate to within ten cents. Suppose you took out a loan that has a 4.50% effective annual rate and requires you to make monthly payments of $270. If the loan has 3 years remaining, what is the outstanding principal amount? Note: Your answer must be accurate to within one dollar

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