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3. A merchant borrowed 15 MID from bank which he will return it back through 10 years by semiannual installment, i=12%, calculate the semiannual installment in cases: • The interest is annual • The interest is compounded semiannually • The interest is compounded monthly 4. Saman borrowed 4000$ for 4 years from investment company, i=6% compounded semiannually, so he will pay semiannually installment, at end of 2 years he decided to pay the remaining amount, but he was given a penalty 100$ . required : • Find the total amount he had to pay at end of two years • Find the interest rate due to the penalty .

          3. A merchant borrowed 15 MID from bank which he will return it back through 10 years by semiannual installment, i=12%, calculate the semiannual installment in cases:
• The interest is annual
• The interest is compounded semiannually
• The interest is compounded monthly

4. Saman borrowed 4000$ for 4 years from investment company, i=6% compounded semiannually, so he will pay semiannually installment, at end of 2 years he decided to pay the remaining amount, but he was given a penalty 100$ . required :
• Find the total amount he had to pay at end of two years
• Find the interest rate due to the penalty .

3. A merchant borrowed 15 MID from bank which he will return it back through 10 years by semiannual installment, i=12%, calculate the semiannual installment in cases:
• The interest is annual
• The interest is compounded semiannually
• The interest is compounded monthly

4. Saman borrowed 4000for 4 years from investment company, i=6% compounded semiannually, so he will pay semiannually installment, at end of 2 years he decided to pay the remaining amount, but he was given a penalty 100$ . required :
• Find the total amount he had to pay at end of two years
• Find the interest rate due to the penalty .

Added by John S.

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