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A mortgage of $200 000 has monthly payments to be amortized over a period of 20 years. The interest rate is 4.5% compounded semi-annually. a)

A mortgage of $200 000 has monthly payments to be amortized over a period of 20 years. The interest rate is 4.5% compounded semi-annually. a) What is the size of the monthly payment? b) What is the total amount of interest paid over the first five years of this mortgage

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