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 7 years. The interest rate on the debt is 11%, compounded semiannually. Find the size of each payment. Find the total amount paid for the purchase. Find the total interest paid over the life of the loan

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