Use formulas to solve the following. Betty Price purchased a new home for $270,000 with a 25% down payment and the remainder amortized over a 8-year period at 15% interest. Do not round intermediate calculations. a. What amount did Betty finance? Round your answer to the nearest dollar. b. What equal semiannually payments are required to amortize this loan over 8 years? Round your answer to the nearest cent. c. What equal semiannually payments are required if Betty decides to take a 11-year loan rather than a 8-year loan? Round your answer to the nearest cent.

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