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A mortgage of $311000 has been taken out at an interest rate of 5.75% compounded annually. If you elect to pay weekly, how much is
A mortgage of $311000 has been taken out at an interest rate of 5.75% compounded annually. If you elect to pay weekly, how much is your payment if the loan is set to be repaid in 25 years?
Your answer should be accurate to the nearest cent. (Ex: 15000.23)
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