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plz will rate asap Assume Jimmy borrows $760,000 today for a house mortgage, and plans to pay back in full after paying for 30 years.
plz will rate asap
Assume Jimmy borrows $760,000 today for a house mortgage, and plans to pay back in full after paying for 30 years. If the interest rate is 9.2% and it will compound semiannually, how much should Jimmy pay each year? HINT: Remind yourselves of the fact that the value of "payment" you will obtain either by hand or a financial calculator reflects payment per one period, which may not necessarily reflect what you pay in a year. $74,966.20 $37,483.10 $42,363.35 $81,256.57 Step by Step Solution
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