Posted by starasia on Monday, April 23, 2012 at 5:50pm.
If this is simple interest then the interest in 1/2 a year would be
(1/2)(.079)(650) = 25.675
(650 + 25.675)/6 = 112.61
If this is some kind of compounded or declining balance (mortgage) type loan then you have not provided enough information.
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