math

Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization payment he would need to make each bi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off
the loan.

asked by Lynda

Respond to this Question

First Name

Your Response

Similar Questions

  1. help please math

    Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization payment he would need to make each bi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.
  2. Math

    Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization payment he would need to make each semi-monthly pay period (twice a month)at 6% compounded bi-monthly, in order to pay off the loan.
  3. Math

    Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization payment he would need to take each semi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.
  4. Maths

    Firm has a $500,000 loan with 9% APR (compounded monthly) Loan is 5-yr based on a 15-yr amortization, meaning loan payments will be calculated as if you take 15 years to pay off the loan, but actually must do so in 5 yr. To do
  5. math

    Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You check your bank
  6. math

    Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You check your bank
  7. algebra

    Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You check your bank
  8. algebra

    How would you solve this math equation? this is really confusing to me. Ms.Martin was researching the costs of financing $125,000 for a home. She found that the monthly payment for a 6.875% loan for 30 years would be $821.16 per
  9. Algebra

    Financial Project Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You
  10. finance

    You would like to buy a Mazda Miata Convertible for a purchase price of $27,500. You will take out a loan for the entire amount. a. You have excellent credit so you can secure a loan at 5% APR for 3 years. What is your monthly

More Similar Questions