What are your monthly payments

Reference no: EM131948598

Question: You borrowed $40,000 to go to school. The bank agreed that you could repay the loan by making 180 equal monthly payments, starting 12 months from now. If the bank is charging 6.5% per year compounded semi-annually, what are your monthly payments? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131948598

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