Plz And As soon as possibleI will rate A loan of $40000 is paid off with installments of $2800 made at the end of each sixmonths. The interest rate is 7% compounded semi-annually. The value of n isdetermined to be 20.1488. Find the size of the final payment.Select one:a. $407.00O b. $416.72Oc $422.74O d. $408.46

Loans are paid the periodic payments these payments carry the payment for the interest and payment…

Answered: months. The interest rate is 7%…

months. The interest rate is 7% compounded semi-annua determined to be 20.1488. Find the size of the final paym Select one: O a. $407.00 O b. $416.72 Oc $422.74

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...

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Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

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Plz And As soon as possible

I will rate

A loan of $40000 is paid off with installments of $2800 made at the end of each six
months. The interest rate is 7% compounded semi-annually. The value of n is
determined to be 20.1488. Find the size of the final payment.
Select one:
a. $407.00
O b. $416.72
Oc $422.74
O d. $408.46

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