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October 20, 2014

October 20, 2014

Posted by **lisa** on Saturday, November 23, 2013 at 4:14pm.

A=50,000 n=semiannually , r=13%, t=15 yrs.

- finance -
**Reiny**, Saturday, November 23, 2013 at 4:39pmLet P be the semiannual payment

P(1.065^30 - 1)/.065 = 50000

P = 578.87

- finance -
**Kuai**, Saturday, November 23, 2013 at 4:41pmR = A (r/n)/(1+ r/n)^nt -1))

R = 50000(.13/2)/(1+ .13/2)^30 -1))

50000(0.065)/((1.065)^30 -1))

$578.85

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