Use Tables 12-1 and 12-2 from Your Text to Answer

question 30

Short Answer

Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Jay Murphy purchased a parcel of land for $1,200,000 with a 20% down payment and the remainder amortized over an 18-year period, at 10% interest.
A)What equal semiannual payments are required to amortize this loan over 18 years?
B)What is the amount of total interest paid on this loan over the 18 years?

• A)What equal semiannual payments are required to amortize this loan over 18 years?
• B)What is the amount of total interest paid on this loan over the 18 years?

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Definitions:

Main Channels

The primary paths or courses taken by a river or stream within its bed, directing the majority of flow and often deeper than adjacent areas.

Discharge

The volume of water flowing through some stretch of a river or stream per unit of time.

Rate of Flow

The velocity at which a fluid (liquid or gas) moves through a channel, pipe, or porous medium.

Channel

A natural or artificial waterway through which water flows.