Question
A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 5%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)
Answers
1448.12
Related Questions
The problem describes a debt to be amortized.
A man buys a house for $350,000. He makes a $150,00...
adebt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 5%, comp...
Construct the amortization schedule for a 15,000 debt that is to be amortized in 10 equal semiannual...