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A company took out a twenty-five year $450,000 mortgage at 5% APR compounded semi-annually, which it will pay in weekly payments. To calculate the amount
A company took out a twenty-five year $450,000 mortgage at 5% APR compounded semi-annually, which it will pay in weekly payments. To calculate the amount of the weekly payment with the interest factor (A/P, i, N): (a) The effective interest rate (0) that should be used is %. (b) The number of periods (N) that should be used is
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