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ered 1.00 stion A $360 000.00 mortgage is amortized by making monthly payments of $2600. If interest is 7.5% compounded semi- annually, and you want

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ered 1.00 stion A $360 000.00 mortgage is amortized by making monthly payments of $2600. If interest is 7.5% compounded semi- annually, and you want to know what is the term of the mortgage? Find p (the equivalent rate of Interest per payment period) Select one: O a. 0.00263716 O b. 0.0022669172 O c. 0.0029563014 O d. 0.00828567 O e. 0.0061545

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