- Have any questions?
- [email protected]
- Home
- If in the question above the interest was calculated half-yearly, what would the final loan amount be with interest?
Question 1:
If in the question above the interest was calculated half-yearly,what would the final loan amount be with interest?
A. Same as above 106090
B. 106720
C. 106136
Feedback Use the half-yearly formula above. Just because the interest on the loan is now compounded half-yearly you are ending up paying 106136-106090=46 more than when just annually compounded.
D. 108010
These questions are from this test. Would you like to take a practice test?