A home buyer buys a house for $2,155,000. She pays 20% cash, and takes a fixed-rate mortgage for ten years at 7.70% APR. If she makes semi-monthly payments, which of the following is closest to each of her payment?
A) $11,342.47
B) $10,311.34
C) $12,373.61
D) $8249.07
Answer: B
Business
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