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Larry Davis borrows $80,000 at 10 percent interest toward the purchase of a home. His mortgage is for 25 years. Calculate your final answer

Larry Davis borrows $80,000 at 10 percent interest toward the purchase of a home. His mortgage is for 25 years. Calculate your final answer using the formula. How much will his payments be? (Although home payments are usually on a monthly basis, we shall do our analysis on an semiannually basis for ease of computation.) (Do not round intermediate calculations. Round your final answer to ZERO decimal places.) DON'T USE COMMA SEPARATORS Answer:

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