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.

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- Jul 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. - Jul 9th 2006, 02:13 AMJakeDQuote:

Originally Posted by**kwtolley**