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Find what are the monthly payments

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Reference no: EM132905717

Problem 1: A 15-year mortgage with monthly payments has a principal outstanding of $200,000. Interest is at 8% compounded semi-annually. What are the monthly payments?

Select one:

a. $1633.33
b. $1,896.31
c. $1,545.55
d. $2,354.16

Reference no: EM132905717

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