Problem
Qatar Automation Company borrows $1,000,000 from a bank a nominal interest rate of 10% per year, compounded semiannually, to purchase a Robot Assembly System. The company will repay the entire loan back after 3 year from now. How much will the company repay to the bank of that time?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.