\n Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted… Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted to pay it off in four years. What would his payments be if he paid: (use your financial application and fill in the appropriate inputs) a. monthly N \uf03d ________ I% \uf03d _________ PV \uf03d ________ PMT \uf03d __________ FV \uf03d ________ P \/ Y \uf03d ________ C \/ Y \uf03d _________ b. bi-weekly N \uf03d ________ I% \uf03d _________ PV \uf03d ________ PMT \uf03d __________ FV \uf03d ________ P \/ Y \uf03d ________ C \/ Y \uf03d _________ c. weekly N \uf03d ________ I% \uf03d _________ PV \uf03d ________ PMT \uf03d __________ FV \uf03d ________ P \/ Y \uf03d ________ C \/ Y \uf03d _________ d. Design a spreadsheet to calculate the interest he would have paid with each repayment option. Monthly repayments: _______________________ Bi-Weekly repayments: _______________________ Weekly repayments: _______________________\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted… Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted to pay it […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/228127"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=228127"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/228127\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=228127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=228127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=228127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}