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Rapinder obtained a mortgage loan was for $245,000 less a down payment of 20%. The loan is to be amortized by making monthly payments for

Rapinder obtained a mortgage loan was for $245,000 less a down payment of 20%. The loan is to be amortized by making monthly payments for 20 years. Interest is 3.15% compounded semi-annually. If the mortgage is renewed after four years at 3.35% compounded semi-annually, what is the size of the new monthly payment?

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