Question: How much money could be borrowed at 7% compounded semi-annually if the borrower can make monthly payments of $875 for 25 years? b d $116,782

How much money could be borrowed at 7% compounded semi-annually if the borrower can make monthly payments of $875 for 25 years?

b

d

$116,782

$24,999

$124,926

$69,770

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