Joshua received a $30,100 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does he need to pay at the end of every 6 months to settle the loan in 6 years? $0.00 Round to the nearest cent b. What was the amount of interest charged on the loan over the 6-year period? $0.00 Round to the nearest cent

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Joshua received a $30,100 loan from a bank that was charging interest at 4.50%
compounded semi-annually.
a. How much does he need to pay at the end of every 6 months to settle the loan in 6
years?
$0.00
Round to the nearest cent
b. What was the amount of interest charged on the loan over the 6-year period?
$0.00
Round to the nearest cent
个
Transcribed Image Text:Joshua received a $30,100 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does he need to pay at the end of every 6 months to settle the loan in 6 years? $0.00 Round to the nearest cent b. What was the amount of interest charged on the loan over the 6-year period? $0.00 Round to the nearest cent 个
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