A home buyer signed a 20-year, 8% mortgage for $72,500. Payments of the mortgage should be made every six months. Given the following information, how much should the semi-annual loan payments be? USE TIME VALUE TABLES WITH 3 DECIMAL PLACES
A home buyer signed a 20-year, 8% mortgage for $72,500. Payments of the mortgage should be made every six months. Given the following information, how much should the semi-annual loan payments be? USE TIME VALUE TABLES WITH 3 DECIMAL PLACES
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 15P
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A home buyer signed a 20-year, 8% mortgage for $72,500. Payments of the mortgage should be made every six months. Given the following information, how much should the semi-annual loan payments be? USE TIME VALUE TABLES WITH 3 DECIMAL PLACES Seleccione una: O $7,384 O $15,588 $3,663 $5,800 $1,584
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