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please show steps You want to buy a condo in Toronto that costs $ 5 7 9 , 0 0 0 and have accumulated a
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You want to buy a condo in Toronto that costs $ and have accumulated a down payment. The remainder is financed with a year mortgage over a year term which you have negotiated with a local financial institution. As you are a high risk borrower the best rate you can get is an APR of compounded semiannually with monthend payments. How much would you owe on the mortgage after your th mortgage payment?
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