A debt of 20,000 with 12% interest compounded semi-annually is to be amortized by semi-annual payment over the next 6 ye

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answerhappygod
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A debt of 20,000 with 12% interest compounded semi-annually is to be amortized by semi-annual payment over the next 6 ye

Post by answerhappygod »

A debt of 20,000 with 12% interest compounded semi-annually is
to be amortized by semi-annual payment over the next 6 years. The
first due in 6 months. Determine the semi-annual payment.
ANS = 2,385.54
dont use excel
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