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A $33,000 mortgage was amortized over 3 years by monthly repayments. The interest rate on the mortgage was fixed at 5.52% compounded semi-annually. a. What

A $33,000 mortgage was amortized over 3 years by monthly repayments. The interest rate on the mortgage was fixed at 5.52% compounded semi-annually.

a. What is the size of the payments if they are rounded up to the next $100?

b. What is the size of the final payment (if the rounded payments from (a) were made)?

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