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Carolyn has a mortgage of $307,000 to be repaid by end of month payments with an interest rate at 5.86% compounded monthly over the entire

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Carolyn has a mortgage of $307,000 to be repaid by end of month payments with an interest rate at 5.86% compounded monthly over the entire duration of the mortgage of 13 years. a. What is the amount of each payment? PAY C/Y 1/4 = % N = PV = FV = PMT= $ b. How much interest was paid in the 5th year? answer.) (Enter a positive value for your > Next

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