单选题 The First State Bank is willing to lend $100000 for 4 years at a 12 percent rate of interest, with the loan to be repaid in equal semi - annual payments. Given the payments are to be made at the end of each 6 - month period, how much will each loan payment be?
【正确答案】 B
【答案解析】N=4×2=8; I/Y=12/2=6; PV=-100000; FV=0; CPT→PMT=16103.59.