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What are the monthly payments

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Reference no: EM132933825

Question - 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?

a. $1633.33

b. $1,896.31

c. $1,545.55

d. $2,354.16

Reference no: EM132933825

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