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A $341,500 mortgage at 4.90% compounded semi - annually was settled with monthly payments of $2,525. [8 marks] a. What is the amortization period for

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A $341,500 mortgage at 4.90% compounded semi - annually was settled with monthly payments of $2,525. [8 marks] a. What is the amortization period for the mortgage? b. How much will the amortization period be shortened by if weekly payments of $1300 are made instead of the monthly payments

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