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Suppose you have a $500,000 mortgage and the interest rate from the bank is at 3% APR compounded semi-annually. If the amortization period for your

Suppose you have a $500,000 mortgage and the interest rate from the bank is at 3% APR compounded semi-annually. If the amortization period for your mortgage is 25 years, how much monthly payment you would need to pay at the end of the month?

If you make payment at the beginning of the month, how much monthly payment would it be?

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