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6 . A $130,000 mortgage was amortized over 10 years by monthly repayments. The interest rate on the mortgage was fixed at 5.60% compounded semi-annually

6. A $130,000 mortgage was amortized over 10 years by monthly repayments. The interest rate on the mortgage was fixed at 5.60% compounded semi-annually for the entire period.

a.Calculate the size of the payments rounded up to the next $100.

b.Using the payment from parta., calculate the size of the final payment.

Kindly keep all the decimals for all the procedures, DO NOT ROUND

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