A Couple Takes Out a Mortgage for $180,000 at J₂

question 52

Multiple Choice

A couple takes out a mortgage for $180,000 at j₂ = 8%.They plan to make payments twice a month over 25-years.What is the size of the payment?

• A)$632.94
• B)$634.05
• C)$685.77
• D)$686.89

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Requirements

Specified necessities or conditions that must be met or complied with.

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