Question

Using technology, determine the semi-annual payment on a 3 year loan of $8,561 at 9.1% compounded semi-annually. Round your answer to the nearest cent.

a.
$1,662.47
c.
$1,925.92
b.
$1,914.11
d.
$1,991.12

Answer 1

Hello there.

Using technology, determine the semi-annual payment on a 3 year loan of $8,561 at 9.1% compounded semi-annually. Round your answer to the nearest cent.

a.
$1,662.47

Answer 2

For the answer to the question on what is the semi-annual payment on a 3-year loan of $8,561 at 9.1% compounded semi-annually.

The answer to this question is The semi-annual payment on a 3-year loan of $8,561 at 9.1% compounded semi-annually is $1,662.47.

I hope my answer helped you.