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2. (General) Flanders mortgage is repaid over 25 years by payments of $1055.00 made at the end of each month. If interest is 5.2% compounded
2. (General) Flanders mortgage is repaid over 25 years by payments of $1055.00 made at the end of each month. If interest is 5.2% compounded semi-annually, what is the mortgage principal?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
