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Bob takes out a 4 year mortgage for $ 1 , 0 2 5 , 0 0 0 at an interest rate of i (
Bob takes out a year mortgage for $ at an interest rate of i The amortization period is years and he will make weekly payments. After years the rate changes to i What is the outstanding balance at the end of the term years of the mortgage taking into account the change in rates!
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