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Julia decides to purchase a new home and takes out a mortgage for $250,000. The mortgage has a 25 year amortization period beginning with a

Julia decides to purchase a new home and takes out a mortgage for $250,000. The mortgage has a 25 year amortization period beginning with a 5 year term at a 5.5% semi-annual interest rate. 5. Julias end of month payments will be

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