A $250,000 loan, with annual interest at 5.7%, c/sa, requires semi-annual, end of period payments of $11,000. How much interest is paid on the 30th payment?
A $250,000 loan, with annual interest at 5.7%, c/sa, requires semi-annual, end of period payments of $11,000. How much interest is paid on the 30th payment?
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 12P
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A $250,000 loan, with annual interest at 5.7%, c/sa, requires semi-annual, end of period payments of $11,000.
How much interest is paid on the 30th payment?
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