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A $ 1 0 0 , 0 0 0 mortgage is to be amortized by making monthly payments for 1 5 years. Interest is 8

A $100,000 mortgage is to be amortized by making monthly payments for 15 years. Interest is 8.6% compounded semi -annually for a five-year term.
(a)
Compute the size of the monthly payment.
(b)
Determine the balance at the end of the five-year term.
(c)
If the mortgage is renewed for a five-year term at 3% compounded semi dash annually ,what is the size of the monthly payment for the renewal term?

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