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105) CIBC offers a level payment mortgage with 15 years to maturity, 5% interest rate, $120,000 loan, monthly payment, and semi-annual compounding. What is the

105) CIBC offers a level payment mortgage with 15 years to maturity, 5% interest rate, $120,000 loan, monthly payment, and semi-annual compounding. What is the mortgage's monthly payment? $945.81 $948.95 $939.26 $932.17 $952.78

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