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Amir has received a $250,000 mortgage. The mortgage is amortized over 25 years and is renewed every 5 years. The mortgage interest rate is 9%
Amir has received a $250,000 mortgage. The mortgage is amortized over 25 years and is renewed every 5 years. The mortgage interest rate is 9% compounded semi-annually. Amir will begin making monthly payments at the end of the month. The monthly payment is closest to: $5,169.68 $2,069.94 $5,189.59 $2,097.99
Kyle invests $25,000 per year which starting today at an interest rate of 7% for 20 years. What is the value of the investment at the end of the 20 years? $1,096,629.42 $283,389.88 $264,850.36 $1,024,887.31
please answer both asap
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