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Question 4 (4 points) You have just secured a $250,000 mortgage with a 25-year amortization period from the bank. The interest rate in the first

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Question 4 (4 points) You have just secured a $250,000 mortgage with a 25-year amortization period from the bank. The interest rate in the first 5-year term is 4% compounded semi-annually. Calculate how much principal you will pay in the first term. (Hint: I could also ask you how much interest you paid.) . Format BIU Ea 30

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