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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
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A $ house in Hamilton was purchased with a down payment of of its value and a year mortgage was taken for the balance. The negotiated fixed interest rate was compounded semiannually for a fiveyear term, with repayments made at the end of every month.
a Calculate the size of the monthly payments.
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