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please explain how to get answer , use formulas Question 29 (1 point) A home buyer buys a house for $225,000. She pays 20% cash,
please explain how to get answer , use formulas
Question 29 (1 point) A home buyer buys a house for $225,000. She pays 20% cash, and takes a fixed-rate mortgage for the remaining over ten years at a quoted APR of 6.26% with semi-annual compounding. If she makes biweekly payments at the end of each period, which of the following is elosest to each of her payments? Assume 26 biweekly periods per year. rrr-r$1,165.07$1,160.76$937.50$928.56$915.08 Question 30 (1 point) Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at the end of the month) with a loan at an APR of 4.5%, monthly compounded. You monthly payments are $617.16 and you have just made your 24 th monthly payment on your SUV. Assuming that you have made all of the first 24 payments on time, what is the outstanding balance on your SUV loan? $28,132.04 $23,761,49 $20,747.02 $26,915.34 $21,784.15 Step by Step Solution
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