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A $41,000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due
A
$41,000
mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is
13
years and interest is
4.3%
compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term.
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