Find the semiannual payments


Question: A company borrows $75,000 which is to be repaid with equal payments semiannually for 10 years. The interest rate is 10%. Find the semiannual payments.

A. $3,750.00

B. $6,018.19

C. $4,125.00

D. $5,834.22

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Finance Basics: Find the semiannual payments
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