Question: 31) Solve the problem. A man buys a house for $360,000. He makes a $95,000 down payment and amortizes the rest of the purchase price

31) Solve the problem. A man buys a house for $360,000.

31) Solve the problem. A man buys a house for $360,000. He makes a $95,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 20 years. The interest rate is 4.2% compounded semiannually. 31) a) Find the size of each payment. b) Find the total amount paid for the purchase c) Find the total interest paid over the life of the loan

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