please help me fast so that I will give good rating. A S24 000.00 moryage amortized by monthly payments over 35 years is renewable after five years. Irterest is 8.12% compounded semiannualy.a) What is the sice of the monchly payments?b) How much interest is paid during the first yeartHow much of he prinopal is epaid during the first fiveyear term?Blank 1Blank 2Blank 3

loan =248000 Period =35years interest =8.12%

Answered: annualy. a What is the sie of the…

annualy. a What is the sie of the morchly payments bị How much interest is paid during the first yeart How much of princpal is epaid during the first fiveyear term? Blank 1:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

please help me fast so that I will give good rating.

A S24 000.00 moryage amortized by monthly payments over 35 years is renewable after five years. Irterest is 8.12% compounded semi
annualy.
a) What is the sice of the monchly payments?
b) How much interest is paid during the first yeart
How much of he prinopal is epaid during the first fiveyear term?
Blank 1
Blank 2
Blank 3

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