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Author Question: Kelsey bought a car priced at $19 700.00 for 10% down and equal monthly payments for 4.5 years. If ... (Read 291 times)

viki

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Question 1

A loan of $40 000.00 is to be repaid by equal quarterly payments for 5 years. What is the size of each semi-annual payment if the interest is 5.00% compounded annually?

Question 2

Kelsey bought a car priced at $19 700.00 for 10% down and equal monthly payments for 4.5 years. If interest is 8.22% compounded semi-annually, what is the size of the monthly payment?


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Marked as best answer by viki on Jun 6, 2019

abro1885

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