Question: answer in boxes clearly A loan from Bank of Montreal for $260,000 is repaid by making payments at the beginning of every six months for

answer in boxes clearly A loan from Bank of Montreal for $260,000 answer in boxes clearly

A loan from Bank of Montreal for $260,000 is repaid by making payments at the beginning of every six months for 8 years. If interest is 5.27% compounded semiannually: What is the amount of each payment? Round all answers to two decimal places if necessary. Choose BGN or END? P/Y = C/Y = N = I/9 = % PV = $ PMT = $ = FV = $ What is the cost of financing? Round the answer to two decimal places. Cost of Financing = $ (enter a positive value)

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