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    Foundations of Financial Management Study Set 1
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    Exam 9: The Time Value of Money
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    Cheryl Gold Signed a 20-Year,6% Mortgage for $250,000
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Cheryl Gold Signed a 20-Year,6% Mortgage for $250,000

Question 38

Question 38

Multiple Choice

Cheryl Gold signed a 20-year,6% mortgage for $250,000.How much should the biweekly loan payments be? (Assume compounding biweekly.)


A) $576.92
B) $826.08
C) $509.62
D) $958.62

Correct Answer:

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