(a) A 5-year loan is amortized with semiannual payments of 200 each, starting 6 months after the loan is made. If PR| =156.24, find i(12). (b) A loan is repaid by 48 monthly payments of 200 each. The interest paid in the first 12 payments is 983.16 and the prin- cipal repaid in the final 12 payments is 2215.86. Find i12).

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(a) A 5-year loan is amortized with semiannual payments of 200
each, starting 6 months after the loan is made. If PR| =156.24,
find i(12).
%3D
(b) A loan is repaid by 48 monthly payments of 200 each. The
interest paid in the first 12 payments is 983.16 and the prin-
cipal repaid in the final 12 payments is 2215.86. Find i(12).
Transcribed Image Text:(a) A 5-year loan is amortized with semiannual payments of 200 each, starting 6 months after the loan is made. If PR| =156.24, find i(12). %3D (b) A loan is repaid by 48 monthly payments of 200 each. The interest paid in the first 12 payments is 983.16 and the prin- cipal repaid in the final 12 payments is 2215.86. Find i(12).
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