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Assuming that the value of a property in a Toronto suburb would double over 2 5 years, Arash would purchase a house worth $ 6
Assuming that the value of a property in a Toronto suburb would double over years, Arash would purchase a house worth $ by making a downpayment of $ and obtaining a mortgage for the balance amount from a local bank at an interest rate of compounded semiannually for years.
a If the interest rate is constant over the year period, calculate the monthend payments for the mortgage. What would be his total investment in the house over the term?
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