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Josh went to CIBC for a mortgage and borrowed $ 3 0 0 , 0 0 0 . He was incredibly disappointed to see how
Josh went to CIBC for a mortgage and borrowed $ He was incredibly disappointed to see how highinterest rates were and had no choice but to lock in at a rate of compounded semiannually with amortization over years. Since his pay is deposited at the end of each month, Josh thought it best to time the mortgage payments with the same monthly end date. He is however, wondering how many years he would have saved if instead he had signed up for accelerated weekly payments.
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