Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Jay Murphy purchased a parcel of land for $1,200,000 with a 20% down payment and the remainder amortized over an 18-year period, at 10% interest.
A)What equal semiannual payments are required to amortize this loan over 18 years?
B)What is the amount of total interest paid on this loan over the 18 years?

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Jay Murphy purchased a parcel of land for $1,200,000 with a 20% down payment and the remainder amortized over an 18-year period, at 10% interest.
A)What equal semiannual payments are required to amortize this loan over 18 years?
B)What is the amount of total interest paid on this loan over the 18 years?

Use Tables 12-1 and 12-2 from Your Text to Answer