Karen obtained a $36,000 loan at 3.5% compounded semiannually. 1 a-1. What monthly payment will repay the loan in 8 1/2 years? (Do not round intermediate calculations and round your final answer to 2...


Explains it correctly


And not use of excel.


Karen obtained a $36,000 loan at 3.5% compounded semiannually.<br>1<br>a-1. What monthly payment will repay the loan in 8 1/2 years? (Do not round intermediate calculations and round your final answer to<br>2 decimal places.)<br>Monthly payment<br>a-2. How much interest will Karen pay over the life of the loan? (Round intermediate calculations to 2 decimal places and round your<br>final answer to the nearest dollar.)<br>Total interest<br>%24<br>

Extracted text: Karen obtained a $36,000 loan at 3.5% compounded semiannually. 1 a-1. What monthly payment will repay the loan in 8 1/2 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Monthly payment a-2. How much interest will Karen pay over the life of the loan? (Round intermediate calculations to 2 decimal places and round your final answer to the nearest dollar.) Total interest %24

Jun 09, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?