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You Have Just Obtained a 6-Year Pure Discount Loan in the Amount

Question 87

Multiple Choice

You have just obtained a 6-year pure discount loan in the amount of $275,000 at 5.78 percent interest,compounded semiannually.What amount will you have to repay at the end of the six years?


A) $387,088.88
B) $370,370.00
C) $384,219.16
D) $385,260.13
E) $372,100.84 You have just obtained a 6-year pure discount loan in the amount of $275,000 at 5.78 percent interest,compounded semiannually.What amount will you have to repay at the end of the six years? A) $387,088.88 B) $370,370.00 C) $384,219.16 D) $385,260.13 E) $372,100.84

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