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Pls solve the problem by typing not handwritten Question Description 11. value: 10.00 points The interest rate for the first five years of a $86,000
Pls solve the problem by typing not handwritten
Question Description 11. value: 10.00 points The interest rate for the first five years of a $86,000 mortgage loan is 725% compounded semiannually. Monthly payments are calculated using a 20-year amortization. What will be the new payments if the loan is renewed at 6% compounded semiannually (and the original amortization period is continued)? (Round your answer to 2 decimal places.) PMT S I've been receiving the wrong answer because most of you do not follow what I am asking. BA PLUS CALCULATOR STEP BY STEP.NO handwritten formula explanation or I'll give thumbs downStep by Step Solution
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