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A mortgage, with an original principal balance of $ 2 9 5 , 0 0 0 , has an interest rate of 6 . 6
A mortgage, with an original principal balance of $ has an interest rate of compounded semiannually not in advance with an amortization of years. The payment frequency is biweekly. Your client would like to know how much of his payment will be allocated to interest in his first year of payments?
a $
b $
c $
d $
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