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Amortgage for a $500,000 has a monthly effective rate of 0.5% thatis fixed for ten years. The mortgage has a 30-year amortization. Atthe end of

Amortgage for a $500,000 has a monthly effective rate of 0.5% thatis fixed for ten years. The mortgage has a 30-year amortization. Atthe end of the 10th year the initial term is over. What is theo 2 answers

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