A $265 000 mortgage is repaid over 25 years by making monthly payments of $1672. What is

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A $265 000 mortgage is repaid over 25 years by making monthly payments of $1672. What is the nominal annual rate of interest compounded semi-annually on the mortgage?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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