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1. $600,000 mortgage for a building was issued with an amortization period of 15 years and payments had to be semi-annually. If the interest rate

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1. $600,000 mortgage for a building was issued with an amortization period of 15 years and payments had to be semi-annually. If the interest rate on the mortgage was 6% compounded semi-annually for a fixed term of 2 years, calculate the: (0) Size of the semi-annually payment. Principal balance at the end of the 2-year term

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