Question: Tim borrowed $ 1 6 , 5 0 0 at a rate of 7 . 7 0 % compounded semi - annually ( j 2

Tim borrowed $16,500 at a rate of 7.70% compounded semi-annually (j2). Calculate his monthly payments if he amortizes his payments over 5 years. Your Answer: This is on amortization-mortgaes

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