Question: The problem describes a debt to be amortized. (Round your answers to the nearest cent.) A man buys a house for $380,000. He makes a

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 $380,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 10 years. The interest rate on the debt is 13%, compounded semiannually. (a) Find the size of each payment. $ 15,745.21 (b) Find the total amount paid for the purchase. $ 314,904.13 (C) Find the total interest paid over the life of the loan. $ 84904.13

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