document.write( "Question 1052051: If your company borrows $300,000 at 8% interest and agrees to repay the loan in 10 equal semiannual payments to include principal plus interest, how much would those payments be?
\n" ); document.write( "Answer = $36897 \n" ); document.write( "

Algebra.Com's Answer #667584 by jorel555(1290) $\"\"$ $\"About$

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Since the payments are semi-annual, you would be paying 8%/2=4% interest each time, so:
\n" ); document.write( "$300000/10=$30000;
\n" ); document.write( "$30000 x 1.04(principal plus interest)=$31200 per payment. ☺☺☺☺ \n" ); document.write( "

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