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Question 6 [5 points] Four years ago Radu and Agnessa purchased a home and got a $262.971 mortgage with a 25-year amortization at 8.25% interest

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Question 6 [5 points] Four years ago Radu and Agnessa purchased a home and got a $262.971 mortgage with a 25-year amortization at 8.25% interest compounded semi-annually and weekly payments. The term of the mortgage is now over, and they are renewing on the same amortization timeline for a three-year term at 3 25% interest compounded semi-annually and monthly payments For full marks your answer should be rounded to the nearest cent a) What is the balance remaining unor the first tom? Balance $ 0.00 b) How much are the new payments for the second torm? Payment = $ 0.00 Question 6 [5 points] Four years ago Radu and Agnessa purchased a home and got a $262.971 mortgage with a 25-year amortization at 8.25% interest compounded semi-annually and weekly payments. The term of the mortgage is now over, and they are renewing on the same amortization timeline for a three-year term at 3 25% interest compounded semi-annually and monthly payments For full marks your answer should be rounded to the nearest cent a) What is the balance remaining unor the first tom? Balance $ 0.00 b) How much are the new payments for the second torm? Payment = $ 0.00

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