Multiple Choice
A $350,000 loan has an interest rate of 6.2% compounded semi-annually. Determine the semi-annual payments that will reduce the balance to $80,000 after 4 years
A) $47,909.55
B) $45,089.24
C) $44,224.58
D) $42,806.17
E) $41,105.65
Correct Answer:
Verified
Correct Answer:
Verified
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