Question: The problem describes a debt to be amortized. (Round your answers to the nearest cent.) A man buys a house for $370,000. He makes a

The problem describes a debt to be amortized. (Round your answers to the nearest cent.) A man buys a house for $370,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 6 years. The interest rate on the debt is 13%, compounded semiannually. (a) Find the size of each payment.

b) Find the total amount paid for the purchase.

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