Question: The problem describes a debt to be amortized Round your answers to the nearest cent A man buys a house for 330 000 He makes

The problem describes a debt to be amortized Round your answers

The problem describes a debt to be amortized Round your answers to the nearest cent A man buys a house for 330 000 He makes a 150 000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 13 years The interest rate on the de is 10 compounded semiannually a Find the size of each payment b Find the total amount paid for the purchase c Find the total interest paid over the life of the loan

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