Solution-Interest compounded semiannually

Interest compounded semiannually

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Reference no: EM131319775

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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Interest compounded semiannually : 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)

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Interest compounded semiannually

Reference no: EM131319775

Reference no: EM131319775

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