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4. Beth Ryan has taken out a home mortgage under the amortization plan. Payments will be made at the end of each month. The interest

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4. Beth Ryan has taken out a home mortgage under the amortization plan. Payments will be made at the end of each month. The interest rate on the mortgage is 7.4% compounded semi-annually. Set up the mathematical expression for finding the equivalent monthly interest rate and find the equivalent monthly interest rate. Express your answer to four places after the decimal point. (ex: 0.1234) (4 points)

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