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Five years ago, the Trans purchased a house and took out a mortgage of $ 6 0 0 , 0 0 0 from the BMO

Five years ago, the Trans 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 interest did they pay in the 4th year of the mortgage? Question 3 options:$62,820.40 $14,966.73$1,377.31 $5,528.54 $21,668.88

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