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A $240 000 mortgage is amortized over 20 years. If interest on the mortgage is 3.39% compounded semi-annually, calculate the size of monthly payments made

A $240 000 mortgage is amortized over 20 years. If interest on the mortgage is 3.39% compounded semi-annually, calculate the size of monthly payments made at the end of each month.

A. $1,378.38

B. $1,375.47

C. $1,700.00

D. $1,184.36

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