Sam’s Auto Repairs Inc. borrowed $6694 to be repaid by monthly payments over 13 years. Interest on the loan is 4.45% com
Posted: Tue Apr 26, 2022 10:38 am
Sam’s Auto Repairs Inc. borrowed $6694 to be repaid by monthly payments over 13 years. Interest on the loan is 4.45% compounded semi-annually. (*Hint: General Annuity)
Compute the equal monthly payment.
Round your answer to 2 decimal places. Do not enter the dollar sign. Sample input: 124.34
Compute the equal monthly payment.
Round your answer to 2 decimal places. Do not enter the dollar sign. Sample input: 124.34