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just question d, thank you so much semi-annually. 1354. est rate is still 12% compounded Inan and Marie Sanchez just purchased their first home with

image text in transcribedjust question d, thank you so much
semi-annually. 1354. est rate is still 12% compounded Inan and Marie Sanchez just purchased their first home with a traditional mortgage. Payments are made at the end of each month for 30 years. The interest rate is 6% compounded semi-annually. The mortgage loan is $178,000 and has a 30-year term. a) How much is the monthly payment? pmt=7058.97 00474 b) How much interest will they pay the first month? 8 79.32 c) If they make their payments on time over the 30-year period, how much interest will they have paid? * 203, 229.20 d) Find the interest portion of the tenth payment. Find the principal portion. 871017 Interest 187.80 Principal e) If Juan and Marie decide to move after 7 years, what will be the outstanding balance on the loan at that time? 159 351.54 ne over 15 rather than life of the loan? 12,102.20 le 117 f) If they finance their home over 15 rather than 30 years at the same interest rate, how much less interest will they pay over the life of the loan? PMT = 1495.15 712, 102,20 6. A loan of $10,000 will be paid off by the amortization method over ten years. The interest rate is 6% compounded annually. a) The payments are made at the end of each year. Find the size of the annual 1358.68

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