45. (0.03/0.09 Points) DETAILS PREVIOUS ANSWERS HARMATHAP12 6.5.020. MY NOTES John Fore purchased $24,000 worth of equip
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
45. (0.03/0.09 Points) DETAILS PREVIOUS ANSWERS HARMATHAP12 6.5.020. MY NOTES John Fore purchased $24,000 worth of equip
45. (0.03/0.09 Points) DETAILS PREVIOUS ANSWERS HARMATHAP12 6.5.020. MY NOTES John Fore purchased $24,000 worth of equipment by making a $4000 down payment and promising to pay the remainder of the cost in semiannual payments over the next 6 years. The interest rate on the debt is 89, compounded semiannually. Find the following. (Round your answers to the nearest cent.) (a) the size of each payment $ 2131.04 $25572.48 (b) the total amount paid over the life of the loan x (c) the total interest paid over the life of the loan Need Help? Read Show My Work
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!