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

Question

10-07-2024
Business

Answered

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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

Sagot :

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