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Alicia received a 3 0 year loan of $ 2 2 5 , 0 0 0 to purchase a house. The interest rate on the

Alicia received a 30 year loan of $225,000 to purchase a house. The interest rate on the loan was 3.70% compounded semi-annually.
a. What is the size of the monthly loan payment?
$0.00
Round to the nearest cent
b. What is the balance of the loan at the end of year 4?
$0.00
Round to the nearest cent
c. By how much will the amortization period shorten if Alicia makes an extra payment of $30,000 at the end of year 4?
0
years
0
months

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