Find the payment necessary to amortize the loan. Round to the nearest cent.$32,000, 8% compounded semiannually,20 semiannual payments

A. $2354.62
B. $2280.96
C. $2436.44
D. $878.89


Answer: A

Mathematics

You might also like to view...

Solve the problem.A tumor is approximately spherical in shape. If the radius of the tumor changes from  to , find the approximate change in volume.

A. 101 mm3 B. 268 mm3 C. 1700 mm3 D. 402 mm3

Mathematics

Translate to an equation, then solve.Thirty decreased by the product of three and y is the same as twice the difference of y and thirty-five.

A. 30 - 3y = 2y - 35, y = 13 B. 30 - 3y = 2(y - 35), y = 100 C. 30 - 3y = 2(y - 35), y = 13 D. 30 - 3y = 2(y - 35), y = 20

Mathematics

Provide an appropriate response.A woman makes house payments of $4200 at the beginning of every quarter. If the woman wishes to pay  worth of payments in advance, how much should she pay provided that the interest rate is 5.4% compounded quarterly?

Fill in the blank(s) with the appropriate word(s).

Mathematics

Solve the problem.A rectangular playground is to be fenced off and divided in two by another fence parallel to one side of the playground. 528 feet of fencing is used. Find the dimensions of the playground that maximize the total enclosed area.

A. 132 ft by 132 ft B. 88 ft by 132 ft C. 44 ft by 198 ft D. 66 ft by 132 ft

Mathematics