Question

A druggist borrows $3500 from a bank to stock her drugstore. The interest rate is 6%...

A druggist borrows $3500 from a bank to stock her drugstore. The interest rate is 6% compounded semiannually with payments due every 6 months. She wants to repay the loan in 30 months. How much are the semiannual payments? (Round your final answer to two decimal places.

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Answer #1

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