Answer in text with all workings no copy paste The maturity value for a loan is $58301.The loan earned interest at a rate of 6.2%compounded quarterly for 5 years. Howmany times was the loan compounded(what is the number of compoundingperiods)? Answer:

As for one year it is compounding 4 Times, Now we need to find for 5 years.No of Times Compounded…

Answered: The maturity value for a loan is…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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The maturity value for a loan is $58301. The loan earned interest at a rate of 6.2% compounded quarterly for 5 years. How many times was the loan compounded (what is the number of compounding periods)? Answer: