b. Semiannual payment = 3.5%*1000=35 Current market value = 35/l.07 +35/l.07‘2 1035/1.07quot;8
=$791.00 c.
No of payments left = 40 Semiannual payment = 3.5%*1000=35
Current market value =…Finance
b. Semiannual payment = 3.5%*1000=35 Current market value = 35/l.07 +35/l.07‘2 1035/1.07quot;8
=$791.00 c.
No of payments left = 40 Semiannual payment = 3.5%*1000=35
Current market value =…Finance