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A 21-year mortgage is amortized by making payments of $3,052.61 at the end of every month. If interest is 8.45% compounded semi-annually, what was the

A 21-year mortgage is amortized by making payments of $3,052.61 at the end of every month. If interest is 8.45% compounded semi-annually, what was the original mortgage balance?

Select one:

a. $351,979.36

b. $342,119.36

c. $363,506.77

d. $362,111.36

e. $322,919.36

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