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2 . A $ 1 6 0 , 0 0 0 mortgage was amortized over 2 0 years by monthly repayments. The interest rate on

2.A $160,000 mortgage was amortized over 20 years by monthly repayments. The interest rate on the mortgage was fixed at 5.20% compounded semi-annually for the entire period.
a. Calculate the size of the payments rounded up to the next $100.
Round up to the next 100
b. Using the payment from part a., calculate the size of the final payment.
Round to the nearest cent

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