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7 . Calculate the amount of an annuity of $ 1 5 0 0 deposited at the end of each six - month period for

7. Calculate the amount of an annuity of $1500 deposited at the end of each six-month period for 8 years at
5.25% per annum, compounded semi-annually. /3
Answer =____________________
mortgage
land transfer tax amortization bi - weekly semi - monthly
mortgagee annuity
collateral
compounding rebate tax mortgagor
CMHC
N =______________
I%=______________
PV =______________
PMT =____________
FV =______________
P/Y =_____________
C/Y =_____________

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