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A home buyer buys a house for $225,000. She pays 20% cash, and takes a fixed-rate mortgage for the remaining over ten years at a
A home buyer buys a house for $225,000. She pays 20% cash, and takes a fixed-rate mortgage for the remaining over ten years at a quoted APR of 6.26% with semi-annual compounding. If she makes biweekly payments at the end of each period, which of the following is closest to each of her payments? Assume 26 biweekly periods per year. $1,165.07 $1,160.76 $937.50 $928.56 $915.08 Question 30 (1 point) Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at the end of the month) with a loan at an APR of 4.5%, monthly compounded. You monthly payments are $617.16 and you have just made your 24th monthly payment on your SUV
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