A woman buys an apartment house for $1,250,000 by making a down payment of $275,000 and amortizing the rest of the debt with semiannual payments over the next 8 years. The annual interest rate on the debt is 9.0%, compounded semiannually. Find the total amount paid over the life of the loan (excluding the down payment). Round your answer to the nearest cent.
?
A. $5,554,559.05
B. $694,319.88
C. $4,165,919.29
D. $1,388,639.76
E. $2,777,279.53
Answer: D
Mathematics
You might also like to view...
Use the accompanying graph of y = f(x) to sketch the graph of the indicated equation.y = 2f(x)
A. 
B. 
C. 
D. 
Mathematics
Decide if the expression is factored.8(m - 9) + n(m - 9)
A. Yes B. No
Mathematics
Given the matrices A and B, find the matrix product AB.A = 
, B = 
Find AB.
A. 
B. 
C. 
D. 
Mathematics
Divide.(2r3 - 3r2 - 2r - 21) ÷ (r - 3)
A. 2r2 - 3r - 7
B. 2r2 + 3r + 
C. r2 + 7r + 3
D. 2r2 + 3r + 7
Mathematics