If you borrow $2000.00 on May 1, 2019, at 10% compounded semi-annually, and interest on the loan amounts to $150.63, on what date is the loan due? The due date is (Round down to the nearest day.)
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Since the interest is compounded semi-annually, we divide the annual interest rate by 2. 10% / 2 = 5% Show more…
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