Find the amortization payment you would need to make every six ...

[jhjkgdfhk]

Find the amortization payment you would need to make every six months, at 6 interest compounded semiannually, to pay off a loan of 4,000 in 6 years. (Use Table 12-2 from text)
 A) 767.41
  B) 813.45
  C) 390.14
  D) 401.85

Question 2

What amortization payment would you need to make each year, at 14 interest compounded semiannually, to pay off a loan of 24,000 in 4 years? (Use Table 12-2 from your text)
 A) 5,000.00
  B) 4,086.45
  C) 4,019.23
  D) 954.22

[triiciiaa]

Answer to Question 1

D

Answer to Question 2

C

[jhjkgdfhk]

Thanks for the timely response, appreciate it

[amcvicar]

TYSM