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.

My answer is $3,750.00, is this right. Thanks for looking at my answer.

Printable View

- July 9th 2006, 01:31 AMkwtolleyCompany must repay money
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.

My answer is $3,750.00, is this right. Thanks for looking at my answer. - July 9th 2006, 02:13 AMJakeDQuote:

Originally Posted by**kwtolley**