<PRE><B>Question 45425</B>
A company borrows $75,000 which is to be repaid with equal payments semiannual for 10 years.  The interest rate is 10%.  Find the semiannual payments.

Present Value= (periodic payment)[1-(1+i)-n]/i ,where i is the periodic 
payment interest and n is the total number of periodic payments.

75000=PP[1-(1+0.05)^-20]/0.05
[0.05(75000)]/[1.05)^-20]= pp
3750/0.99969927...=pp
Periodic payment = $3750.00

Cheers,
Stan H.</PRE>