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Judith has recently taken out a mortage for $175,000 at a rate of 3.2%, compounded semi-annually, with an amortization period of 22 years. What will
Judith has recently taken out a mortage for $175,000 at a rate of 3.2%, compounded semi-annually, with an amortization period of 22 years. What will be her balance after 40 months? Her payments are monthly.
$201,682
$155,670
$138,120
$163,850
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