On January 1,Yumati Electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 16 semiannual payments beginning May 31.What is the approximate amount of the payments that Yumati will need to make?
A)$32,984
B)$32,378
C)$26,537
D)$25,764

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The Answer of On January 1,Yumati Electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 16 semiannual payments beginning May 31.What is the approximate amount of the payments that Yumati will need to make?
A)$32,984
B)$32,378
C)$26,537
D)$25,764

On January 1,Yumati Electric Borrows $333,333 at an Interest Rate