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10. (6 marks) A person amortizes a loan of $170,000 for a new home by obtaining a 20-year mortgage at the rate of 7.5% compounded

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10. (6 marks) A person amortizes a loan of $170,000 for a new home by obtaining a 20-year mortgage at the rate of 7.5% compounded monthly. Find (a) the monthly payment, (b) the total interest charges, and (c) the principal remaining after 5 years

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