For equipment upgrades, a business borrowed $450,000 at an annual rate of 8%, compounded semiannually, for 7 years. What are the semiannual payments? Round your answer to the nearest cent.
?

A. $18,000.00
B. $21,085.71
C. $42,601.04
D. $27,005.84
E. $336,897.48


Answer: C

Mathematics

You might also like to view...

Find the equation of a line passing through the given points. Solve the equation for y.(3, 5); slope = - 

A. y = - x - 
B. y = x - 7
C. y = - x + 7
D. y = - x - 7

Mathematics

Simplify. Leave answer in exponential form with positive exponents only. Assume that all variables represent nonzero quantities.(-8x)-4

A.
B. 84x4
C. - 
D.

Mathematics

Solve. +  = -1

A.
B. 1
C. 0
D. No solution

Mathematics

Solve using the addition principle.b - 12.18 = 0

A. -12.18  B. 11.18  C. -11.18 D. 12.18 

Mathematics