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Question 5 of 6 A $150,000 mortgage was amortized over 10 years by monthly repayments. The interest rate on the mortgage was fixed at 5.60%
Question 5 of 6 A $150,000 mortgage was amortized over 10 years by monthly repayments. The interest rate on the mortgage was fixed at 5.60% compounded semi-annually for the entire period. Full solutions should be shown on separate sheets of paper. Submit your solutions. a. Calculate the size of the payments rounded up to the next $100. $0.00 Round up to the next 100 b. Using the payment from part a., calculate the size of the final payment. $0.00 Round to the nearest cent
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