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A mortgage loan of $ 1 3 2 , 0 0 0 at 6 % compounded semi - annually is to be amortized over 2

A mortgage loan of $

132, 000

6 %

compounded semi

-

annually is to be amortized over

25

years by equal monthly payments. How much interest will be included in the first payment? a$

792

652

660

487

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