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Science-Related Homework Help Mathematics Topic started by: SirJohnny on Jun 12, 2023



Title: A $12,000 loan is repaid by semiannual payments of $1500 each. Interest on the loan is 10% ...
Post by: SirJohnny on Jun 12, 2023
A $12,000 loan is repaid by semiannual payments of $1500 each. Interest on the loan is 10% compounded semiannually. How long will it take to pay off the loan?

▸ 5.2 years

▸ 5 years

▸ 21 years

▸ 10 years

▸ 10.4 years


Title: Re: A $12,000 loan is repaid by semiannual payments of $1500 each. Interest on the loan is 10% ...
Post by: ricyoung on Jun 12, 2023
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