Question: Please show all steps so I can fully understand how to solve. tha nk you You have applied for a mortgage and the bank has

Please show all steps so I can fully understand how to

Please show all steps so I can fully understand how to solve. thank you

You have applied for a mortgage and the bank has agreed to grant you one with the following terms: the principal amount is $450,000, the term is 25 years, the APR is 6.25% compounded semi-annually. If you accept this mortgage, what will be your monthly payment? Select one: a. $2469.33 b. $2664.93 c. $2694.39 d. $2946.34

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