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Aiden commits to a mortgage with an interest rate of 5 % compounded semiannually for the first thirteen years and 2 % compounded annually for
Aiden commits to a mortgage with an interest rate of compounded semiannually for the first thirteen years and compounded annually for the next ten years. He pays $ at the beginning of every semiannual period. How much was the original listing price on the house he purchased?
Today
years
years
Calculate the following values on the time diagram.
$
The original listing price on the house was $
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