Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent.

The Meyers bought a Sandwich City franchise for $500,000. They paid $100,000 of their own money and borrowed the rest, agreeing to make semiannual payments over 8 years at 8% (compounded semiannually).
A. $42,910.00
B. $34,328.00
C. $65,694.92
D. $60,570.50
Answer: B
Mathematics
You might also like to view...
Fill in the blank with the appropriate measurement relationship.3 ft = yd
Fill in the blank(s) with the appropriate word(s).
Mathematics
Simplify. Assume that all variables represent positive real numbers. -
+
A. -
B.
C.
D.
Mathematics
The sizes of two matrices A and B are given. Find the sizes of the product AB and the product BA, whenever these products exist.A is 2 × 1, and B is 1 × 2.
A. 2 × 2; 1 × 1 B. 1 × 1; 2 × 2 C. AB does not exist; 1 × 1 D. 2 × 2; BA does not exist.
Mathematics
Use a graphing utility to graph the parametric equation.x(t) = t2 + 2, y(t) = 2t - 1, -3 ? t ? 3
A.
B.
C.
D.
Mathematics