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Posted on May 26, 2024

A $50000 mortgage is to be repaid over a ten year period by monthly payments rounded up to the next higher $50. Interest is 8%

A $50000 mortgage is to be repaid over a ten year period by monthly payments rounded up to the next higher $50. Interest is 8% compounded semi-annually. [9 points] a) Determine the number of rounded p...

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