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Interest compounded semiannually

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Best Ribs wishes to pay off a debt of $40,000 in 7 years. What amortization payment would they need to make each six months, at 6% interest compounded semiannually? (Use Table 12-2 from your text)

  • $3,541.05
  • $3,910.63
  • $2,727.79
  • $2,955.32

Reference no: EM131319775

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