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If the quoted rate on a mortgage is 3% compounded semi-annually, and the mortgage interest and principal are paid monthly, what is the period interest

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If the quoted rate on a mortgage is 3% compounded semi-annually, and the mortgage interest and principal are paid monthly, what is the period interest rate that one would use to determine the monthly mortgage payment? Select one: O 0.5750% O 0.2485% None of the presented responses is correct 0.4309% O 0.4665% Clear my choice

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