On January1, Yumati Electric borrows $500,000 at an interest rate of6% today and will repay...
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Accounting
On January Yumati Electric borrows $ at an interest rate of today and will repay this amount by making semiannual payments beginning May What is the approximate amount of each payments that Yumati will need to make? Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.
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