Multiple Choice
Amir has obtained a $250,000 mortgage.The mortgage is amortized over 25 years and the term of the mortgage is five years.The mortgage interest rate is 9% compounded semi-annually.Amir will begin making monthly payments at the end of the month.Amir's monthly payment will be approximately
A) $2,069.94.
B) $2,097.99.
C) $5,169.68.
D) $5,189.59.
Correct Answer:
Verified
Correct Answer:
Verified
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