A mortgage of $95 000 is amortized over 25 years by monthly payments of $573.25. What is

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A mortgage of $95 000 is amortized over 25 years by monthly payments of $573.25. What is the nominal annual rate of interest compounded semi-annually?

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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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Question Posted: Sep 21, 2024 05:20 AM

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A mortgage of $95 000 is amortized over 25 years by monthly payments of $573.25. What is the nominal annual rate of interest compounded semi-annually?
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A mortgage of $95 000 is amortized over 25 years by monthly payments of $573.25. What is

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PV nc 95 00000 PMT 57325 n 1225 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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