Jessica owes $75000 to be amortized with equal semi-annual payments over 3 years at j2 = 6%. What is the size of the final payment if the semi-annual payment is rounded up to the nearest dollar? Answer: $
Jessica owes $75000 to be amortized with equal semi-annual payments over 3 years at j2 = 6%. What is the size of the final payment if the semi-annual payment is rounded up to the nearest dollar? Answer: $
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 21E
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![Jessica owes $75000 to be amortized with equal semi-annual payments over 3 years at j2 = 6%. What is the
size of the final payment if the semi-annual payment is rounded up to the nearest dollar?
Answer: $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd4de583-e4d3-492c-a5f4-de371541259a%2F35074349-620c-4052-b9f6-bfe59d8f4a6f%2F4yw0nrv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jessica owes $75000 to be amortized with equal semi-annual payments over 3 years at j2 = 6%. What is the
size of the final payment if the semi-annual payment is rounded up to the nearest dollar?
Answer: $
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