You are taking a 2000 loan you will pay it back in four, Econometrics

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

You are taking a $2000 loan. You will pay it back in four equal payments, paid every 6 months starting 3 years from now. The interest rate is 6% compounded semiannually. Calculate:
(a) The effective interest rate, based on both semiannual and continuous compounding
(b) The amount of each semiannual payment
(c) The total interest paid

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Econometrics: You are taking a 2000 loan you will pay it back in four

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Econometrics: You are taking a 2000 loan you will pay it back in four

Reference No:- TGS0583848

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

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Request for Solution File

Ask an Expert for Answer!!

Econometrics: You are taking a 2000 loan you will pay it back in four

Reference No:- TGS0583848

Recent Questions Asked Econometrics

Q : Picabo borrows 1000 to repay the amount she makes 12 equal

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