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a on march 1 you borrow $239,000 to buy a house at quoted sale of 7-887. compounded semi-annually. The loan is to be repaid in

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a on march 1 you borrow $239,000 to buy a house at quoted sale of 7-887. compounded semi-annually. The loan is to be repaid in equal monthly paymess The first payment in due on April 1. over 20 years gye a) What is the Effective Annual rate of the Annualized Percentage rate of 7.88% compounded semi-annually? b) What will be the monthly rate that will be used in calculating the mortgage interest payments. c) What is the total payment you will pay per month? d) in the below table, show the loan amortization for the first 5 years d) in the below table, show the loan amortization for the first 5 years Months Beginning of year balance Interest payment 1 2 Loan repayment 3 4 5 e) How much interest was paid in the first 5 payments? f) How much do you owe after paying the first five payments

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