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A $96,000 mortgage is to be amortized by making monthly payments for 20 years. Interest is 8.6% compounded semi annually for a six year term.

A $96,000 mortgage is to be amortized by making monthly payments for 20 years. Interest is 8.6% compounded semi annually for a six year term. ? a) Compute the size of the monthly payment. b) Determi...

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