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Sam arranged a mortgage loan for $75,000 at 9.5% per annum, compounded semi-annually, with a 25-year amortization period and monthly payments. What is her interest

Sam arranged a mortgage loan for $75,000 at 9.5% per annum, compounded semi-annually, with a 25-year amortization period and monthly payments. What is her interest cost for the first month?

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