Posted by
**ronald** on
.

A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 5%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)

Sunday

March 26, 2017
Posted by
**ronald** on
.

A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 5%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)

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