a guy borrows 9700 and wants to repay it 750


A guy borrows $9700 and wants to repay it $750 every six months with the first payment in 6 months. If the loan terms are 6% APR with semiannual compounding, how many payments will he need to make to pay off the loan? How do I evaluate this when my answers are in quarters?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: a guy borrows 9700 and wants to repay it 750
Reference No:- TGS0473000

Expected delivery within 24 Hours