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Pey Soon has taken out a 20 - year, $150,000 mortgage with monthly payments (made at the end of each month) at a stated mortgage
Pey Soon
has taken out a 20
-
year, $150,000 mortgage with monthly payments (made at
the end of each month) at a stated mortgage rate of 6.8% per year compounded
semi
-
annually. If she makes each payment on time, what will be the mortgage principal
remaining after 10
years?
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