The company will repay the entire loan back after 3 year, Microeconomics

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The company will repay the entire loan back after 3 year

Question - 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?

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Microeconomics: The company will repay the entire loan back after 3 year

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Microeconomics: The company will repay the entire loan back after 3 year

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