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Question 4 of 5 A $ 3 4 0 , 0 0 0 house in Hamilton was purchased with a down payment of 2 0

Question 4 of 5
A $340,000 house in Hamilton was purchased with a down payment of 20.00% of its value and a 20 year mortgage was taken for the balance. The negotiated fixed interest rate was 5.75% compounded semi-annually for a five-year term, with repayments made at the end of every month.
a. Calculate the size of the monthly payments.
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