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Question 7 of 9 A 30-year, $265,000 mortgage at 2.00% compounded annually was settled with monthly payments. a. What is the size of the monthly
Question 7 of 9 A 30-year, $265,000 mortgage at 2.00% compounded annually was settled with monthly payments. a. What is the size of the monthly payments? $0.00 Round to the nearest cent Question 7 of 9 b. How much will the amortization period be shortened by if weekly payments of $750 are made instead of the monthly payments? o years o months Express the answer in years and months, rounded to the next payment period c. How much interest will be saved if the weeklu navments of $750 ara
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