SOLUTION: Dina borrowed Rp5000000 in a financial institution with a loan term of 5 years. Ranti repays the loan by means of amortization at the end of each semester with a nominal interest

Question 1181506: Dina borrowed Rp5000000 in a financial institution with a loan term of 5 years. Ranti repays the loan by means of amortization at the end of each semester with a nominal interest rate of 6% converted semi-annually. The amount of installments paid by Ranti is Rp...?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
the amount of the loan is 5,000,000 (5 million).
the interest rate is 6% per year compounded 2 times a year (semi-annually).
the number of years is 5.

you can use the following financial calculator to solve this.

https://arachnoid.com/finance/index.html

your inputs are:

pv = -5000000
fv = 0
np = 5 * 2 = 10 semi-annual time periods
ir = 6% / 2 = 3% per semi-annual time period = 3
payment is made at the end of each time period.

you then click on pmt to get a semi-annual payment of 586,152.53.

here's what your inputs look like.

here's what your output looks like.

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