Question: How do I get this answer with a calculator?????????? 6. Mr. Jones has just bought a house for $250,000. He will make a down payment

How do I get this answer with a calculator??????????

6. Mr. Jones has just bought a house for $250,000. He will make a down payment of 5% on the

house, and pay for the rest with a mortgage. The Bank Le Friendly offers 10-year mortgage

loans at 13% APR compounded semi-annually, with monthly mortgage payments starting

today. What is the amount of Mr. Joness monthly mortgage payment?

A. $3,462.31

B. $3,498.84

C. $3,546.13

D. $3,647.40

E. $3,605.56

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