Multiple Choice
A $60,000 loan at 12% compounded semi-annually is to be repaid by monthly payments of $1,000.
-What is the size of the final payment?
A) $685.83
B) $692.53
C) $1,000.00
D) $307.47
E) $726.98
Correct Answer:
Verified
Correct Answer:
Verified
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