Amortization payment
Loan  Payment  Time  Nominal  Present Value  
Payment  Frequency  Period (years)  Rate (%)  (Amount of Loan)  
31.  every 6 month 

12.0  $10,400 
To calculate: The amount of loan payment when payment frequency is
Given Information:
Payment frequency is
Formula used:
The formula for future value of the ordinary annuity is,
Here, FV is the future value, Pmt is the Annuity payment, i is the interest rate per period (nominal rate
Calculation:
Consider that payment frequency is
The rate period is
The number of periods is
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