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please provide formulas for part a,b,c,d. Question 2 of 5 Rebecca purchased a house for $554,860 with a down payment of 18% of the purchase

please provide formulas for part a,b,c,d. image text in transcribed
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Question 2 of 5 Rebecca purchased a house for $554,860 with a down payment of 18% of the purchase price. She received a 23-year mortgage for the balance at a fixed interest rate of 4.341% compounded semi-annually for a 4-year term. Payments were made at the end of each month. a. What is the size of the regular monthly payments? Round to the nearest cent b. What is the balance on the mortgage at the end of 4 years? Round to the nearest cent c. By how much time did the amortization period shorten if the size of the periodic payment was rounded up to the next $50 starting from the 49th payment? + year(s) month(s) d. What would be the size of the final payment under these new conditions (from (c)? Round to the nearest cent

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