Gabrielle obtained a business loan of $245,000.00 at 4.03% compounded semi-annually, how much should he pay at the end of every 6 months to clear the loan in 20 years? Round to the nearest cent
Gabrielle obtained a business loan of $245,000.00 at 4.03% compounded semi-annually, how much should he pay at the end of every 6 months to clear the loan in 20 years? Round to the nearest cent
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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If Gabrielle obtained a business loan of $245,000.00 at 4.03% compounded semi-annually, how much should he pay at the end of every 6 months to clear the loan in 20 years?
Round to the nearest cent
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