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Question 7 [8 points) Five years ago Agnessa and Charla purchased a home and got a $755,235 more with a 5-year form and 25-year amortization

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Question 7 [8 points) Five years ago Agnessa and Charla purchased a home and got a $755,235 more with a 5-year form and 25-year amortization at 3.50% interest compounded som-annually with wokay payments. They are renewing their mortgage on the same amortization timeline for another five year term at 675 interest compounded semi-annually and weekly payments For full marks your answer should be founded to the nearest cent. a) What is the balance remaining after the first fem? Balance $0.00 bi How much total interest was paid during the first term? Interest=$ 0.00 c) How much total principal was paid down during the first term Principal =$ 0.00 di How much are the new payments for the second term Payment - $ 0.00 el What is the balance remaining after the second term? Balance =$ 0.00

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