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Five years ago, the Muncasters purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25

Five years ago, the Muncasters purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25 years at 2.79% compounded semi-annually for a 5-year term. The bank calculated their monthly payment should be $2,776. How much of the 3rd payment was interest? Question 13 options: $47,853.67 $4,189.77 $1,406.23 $1,380.53 $4,151.24

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