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A $360,000.00 mortgage is amortized by making monthly payments of $2,564.19. If interest is 2.5% compounded semi-annually, what is the term of the mortgage? Select

A $360,000.00 mortgage is amortized by making monthly payments of $2,564.19. If interest is 2.5% compounded semi-annually, what is the term of the mortgage?

Select one:

a. 166.0866 periods

b. 205.2434 periods

c. 135.2434 periods

d. 215.2434 periods

e. 325.2434 periods

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