The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded semi-annually, what was the principal? Round

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The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded semi-annually, what was the principal? Round your answer to the nearest dollar. Provide your answer holowe​

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Maris 5 years 2021-08-23T11:07:22+00:00 1 Answers 44 views 0

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  1. thienthi
    0
    2021-08-23T11:09:01+00:00
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    Answer:11,343

    Step-by-step explanation:

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