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Daniel received a 15 year loan of $330,000 to purchase a house. The interest rate on the loan was 4.80% compounded semi-annually. a. What is

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Daniel received a 15 year loan of $330,000 to purchase a house. The interest rate on the loan was 4.80% 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 2? $0.00 Round to the nearest cent c.By how much will the amortization period shorten if Daniel makes an extra payment of $30,000 at the end of year 2? months o years

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