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Home Q & A Board Science-Related Homework Help Mathematics
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SirJohnny SirJohnny
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A year ago
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
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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ricyoungricyoung
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A year ago
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SirJohnny Author
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A year ago
Correct Slight Smile TY
SUmmerPeople
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Yesterday
Good timing, thanks!
Jodias
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2 hours ago
Thanks for your help!!
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