Question 18 A loan of $100,000 is to be repaid in annual repayments over 5 years. Assuming a fixed interest rate of 10% per annum compounded semi-annually, calculate the amount of each repayment. If your answer contains a decimal, round to 2 places. Question 19 A loan of $100,000 is to be repaid in annual repayments over 5 years. Assuming a fixed interest rate of 10% per annum compounded semi-annually, calculate the total amount of interest paid. If your answer contains a decimal, round to 2 places.

Question 18 A loan of $100,000 is to be repaid in annual repayments over 5 years. Assuming a fixed interest rate of 10% per annum compounded semi-annually, calculate the amount of each repayment. If your answer contains a decimal, round to 2 places. Question 19 A loan of $100,000 is to be repaid in annual repayments over 5 years. Assuming a fixed interest rate of 10% per annum compounded semi-annually, calculate the total amount of interest paid. If your answer contains a decimal, round to 2 places.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Answer b from the image attached