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A $ 1 7 0 , 0 0 0 mortgage was amortized over 1 5 years by monthly repayments. The interest rate on the mortgage

A $170,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the mortgage was fixed at 5.50% compounded semi-annually for the entire period.
a. Calculate the size of the payments rounded up to the next $100.

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