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A $ 1 7 0 , 0 0 0 mortgage was amortized over 1 0 years by monthly repayments. The interest rate on the mortgage
A $ mortgage was amortized over years by monthly repayments. The interest rate on the mortgage was fixed at compounded semiannually for the entire period.
a Calculate the size of the payments rounded up to the next $
Round up to the next
b Using the payment from part a calculate the size of the final payment.
Round to the nearest cent
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