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plz answer fast with all steps and formulas. need formulas Dana qualified for a $250,000 mortgage with a 25-year amortization period and monthly repayments. She
plz answer fast with all steps and formulas. need formulas
Dana qualified for a $250,000 mortgage with a 25-year amortization period and monthly repayments. She agreed on a rate for the FIRST 5-year term of 4.8% compounded semi-annually (0.3960577% monthly), which worked out to payments of $1,425.681. Assuming she negotiated a rate of 4% compounded semi-annually for the SECOND 5-year term, what will be the payment during the second 5-year term Step by Step Solution
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