Question: The Next Four (4) Questions require you to complete the following table: Loan Loan Amount Interet Rate ( Semi-annual compounding) Amortization Period (years) Monthly Payment

The Next Four (4) Questions require you to complete the following table:

Loan Loan Amount Interet Rate ( Semi-annual compounding) Amortization Period (years) Monthly Payment ( rounded to the nearest cent)
A $175,000 j2=5.75% 25 years ?
B $232,000 j2=6.5% ? $1,800
C ? j2=4.5% 20 years $650
D $250,000 ? 25 years $1,300

(1) Calculate the monthly payment for Loan A

(2) Calculate the amortization period for Loan B

(3) Calculate the loan amount for Loan C

(4) Calculate the nominal rate per annum, with semi-annual compounding, for Loan D

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