Question 1181506
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.


<a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>


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.


<img src = "http://theo.x10hosting.com/2021/060601.jpg" >


here's what your output looks like.


<img src = "http://theo.x10hosting.com/2021/060602.jpg" >