Question: Jada is purchasing property worth $840,000 with a down payment of $184,800 and semi-annual payments at the end of every six months for 20 years.

Jada is purchasing property worth $840,000 with a down payment of

Jada is purchasing property worth $840,000 with a down payment of $184,800 and semi-annual payments at the end of every six months for 20 years. If the interest rate of 3.39% compounded monthly for the 20 years: (a) What is the amount of each payment? Round the answer to the nearest cent. P/Y= C/Y= PMT=$ N= I/Y= (b) What is the cost of financing? Round the answer to the nearest cent. Cost of financing =$ (enter a positive value)

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