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1. 2. please explain both questions in detail as soon as possible. Thank you!! Question 1 of 6 A $160,000 mortgage was amortized over 15
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please explain both questions in detail as soon as possible.
Thank you!!
Question 1 of 6 A $160,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the mortgage was fixed at 6.00% compounded semi-annually for the entire period. a. Calculate the size of the payments rounded up to the next $100. $291.00 Round up to the next 100 b. Using the payment from part a., calculate the size of the final payment. $0.00 Round to the nearest cent Question 6 of 6 A share valued at $263.55 pays quarterly dividends in perpetuity at a rate of return of 6.50% compounded semi-annually. Calculate the end-of-quarter dividends. $0.00 Round to the nearest centStep by Step Solution
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