You are taking 2000 loan you will pay it back in four equal, Financial Management

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You are taking 2000 loan you will pay it back in four equal

You are taking $2000 loan. You will pay it back in four equal amounts, paid every 6 months staring three years from now. The annual nominal interest rate is 14% compounded semiannually. Calculate (a) The annual effective interest rate based on both semiannual and continuous compounding (b)the amount of the monthly payment

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Financial Management: You are taking 2000 loan you will pay it back in four equal

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Financial Management: You are taking 2000 loan you will pay it back in four equal

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