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John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the loan over 15 years (amortization). How

John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the loan over 15 years (amortization). How much are the monthly payments with semiannual compounding? A) $1,146 B) $1,402 C) $1,380 D) $1,421

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