Question: a ) A 2 0 - year, $ 8 0 , 0 0 0 mortgage carries an annual interest rate of 8 % compounded semiannually.

a) A 20-year, $80,000 mortgage carries an annual interest rate of 8% compounded semiannually. How much is the monthly payment?b) What will be the future value of of ach to be for eat the baiming interest rate?

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