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Lynne buys a condo in downtown Toronto for $ 5 5 0 0 0 0 . She needs a mortgage for $ 4 0 0

Lynne buys a condo in downtown Toronto for $550000. She needs a mortgage for $400000. If her bank is offering an interest rate of 4% compounded semi-annually for a 5 year fixed term, what are her monthly payments assuming a 25-year amortization period?

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