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Jean-Claude wants to take out a mortgage in Montreal for $287,420 with a 20-year amortization. Prevailing interest rates are 6.2% compounded semi-annually. Calculate his monthly

Jean-Claude wants to take out a mortgage in Montreal for $287,420 with a 20-year amortization. Prevailing interest rates are 6.2% compounded semi-annually. Calculate his monthly payment amount.

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