Get personalized and accurate responses to your questions with IDNLearn.com. Discover detailed and accurate answers to your questions from our knowledgeable and dedicated community members.

A [tex]$547,500.00 loan is to be repaid by monthly payments of $[/tex]17,100.00. If the interest
rate on the loan is 6.00% compounded semi-annually, what is the term of the loan?
year(s)
month(s)
Round up to the next payment period