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Li bought a house in Whitby for $ 3 0 5 0 0 0 5 years ago. He made a down payment of $ 4
Li bought a house in Whitby for $ years ago. He made a down payment of $ and financed the house through Scotia Bank with a mortgage amortized over years. Interest for the first years was compounded semiannually and payments were made monthly. At the end of the year term, Li has renewed the mortgage for another years, at compounded semiannually. What is the monthly payment for the second term?
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