document.write( "Question 1129176: A loan for $5000 with interest at 7.75% compounded semi annually is reaid after 5years,10 months. What is the amount of interest paid \n" ); document.write( "

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\n" ); document.write( "A loan for $5000 with interest at 7.75% compounded semi annually is reaid after 5years,10 months. What is the amount of interest paid
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This is a loan which leads me to believe that monthly payments were made. The monthly payment, based on a principal of $5,000, interest rate
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document.write( "of 7.75%, and term of 5 years, 10 months, or , is: $540.84. Such a payment, over a , comes to $6,309.75.
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document.write( "Therefore,  \n" );
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