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How much will the monthly payments be

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Question - Crystal just purchased a house for $1,750,000. Her down payment is $500,000 and the remaining amount will be financed using a 20-year mortgage. The interest rate on this mortgage is 3.7% compounded semi-annually and Crystal will make monthly mortgage payments. How much will the monthly payments be?

A) $6,373.56

B) $7,360.33

C) $9,124.36

D) $10,304.46

E) $12,457.23

Reference no: EM133010195

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