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how to solve b? You have just obtained a 20-year mortgage loan of OMR 200,000. The loan has a 12% annual interest rate compounded semiannually,

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how to solve b?

You have just obtained a 20-year mortgage loan of OMR 200,000. The loan has a 12% annual interest rate compounded semiannually, and requires equal semiannual (6 months) payments beginning 6 months from now and continuing for 20 years. a. What will your semiannual payments be? b. How much is the remaining principal after 1 year, 5 years, 10 years, and 15 years

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