Question: Please help me solve this Quizzes Fall 2020 day) 8:00 am -9:05 am You have just obtained a $ 300000 5-year 6 % fixed-rate mortgage.

Please help me solve this Quizzes Fall 2020 day) 8:00 am

Please help me solve this

Quizzes Fall 2020 day) 8:00 am -9:05 am You have just obtained a $ 300000 5-year 6 % fixed-rate mortgage. The mortgage is amortized over 25 years. The interest rate is compounded semi-annually and you make payments at the end of each two-week period. What is the total amount of interest paid on your mortgage? Assume each year has 52 weeks and you pay off the mortgage after 25 years. Answer: Jump to

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