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A $200,000 mortgage has a 15-year amortization with monthly payments. The interest rate is 2.5%, compounded semi-annually. a. What is the monthly payment? b. What

A $200,000 mortgage has a 15-year amortization with monthly payments. The interest rate is 2.5%, compounded semi-annually. a. What is the monthly payment? b. What is the outstanding balance at the end of 5 years? c. What would the monthly payment be if payments were due at the beginning of the month instead of the end of the month?

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