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Posted on Aug 02, 2024

Determine the mortgage payment amount for a mortgage of $ 2 , 2 5 0 , 0 0 0 , with a fixed interest rate

Determine the mortgage payment amount for a mortgage of $

2, 250, 000,

with a fixed interest rate of

4 %

that is compounded semi

-

annually, paid monthly over

20

years. Round your answer to two decimal places.

Payment

=

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