jamie tookout $3000 loan, due in 4 years. if interset is 5.7% per year, compounded semi-annualy how much should jamies crediter be willing to except to pay off the loan today?
that's "accept" not "except"
3000(1+.057/4)^(4*4) = 3762.20
3000(1+.057/4)^(4*4) = 3762.20