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A variate rate mortgage of $ 2 0 0 , 0 0 0 is arranged with an annual rate of 5 % . The loan
A variate rate mortgage of $ is arranged with an annual rate of The loan is to be fully amortized in years. The term is years. What is the compounding frequency of the mortgage?
A variate rate mortgage of $ is arranged with an annual rate of The loan is to be fully amortized in years. The term is years.
What is the compounding frequency of the mortgage?
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