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3. A mortgage balance of $18000 is renewed for the remaining amortization period of 3years at %4 compounded semi annually. a. compute the size of

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3. A mortgage balance of $18000 is renewed for the remaining amortization period of 3years at %4 compounded semi annually. a. compute the size of the monthly payments (3 marks) b. Determine the size of the last payment if the payments computed have been rounded up to the the next higher $100 (6 marks)

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