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A mortgage for a condominium had a principal balance of $44,300 that had to be amortized over the remaining period of 6 years. The interest

A mortgage for a condominium had a principal balance of $44,300 that had to be amortized over the remaining period of 6 years. The interest rate was fixed at 4.72% compounded semi-annually and payments were made monthly.

a.Calculate the size of the payments.

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