Arabella converted her loan to light payments which gives her an option to pay 12,000 every 2 years for 6 years the first payment is due 4 years from now how much is the amount of the loan if theinterest rate is 10% converted every 2 years?

Question

Arabella converted her loan to light  payments which gives her an option to pay 12,000 every 2 years for 6 years the first payment is due 4 years from now  how much is the amount of the loan if theinterest rate is 10% converted every 2 years?

xxDeppressionxx · Answer

21,064.81 is the answer because you do 210.64•100=21,064 then add . 81