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The balance on a mortgage was $ 4 7 , 5 0 0 and an interest rate of 3 . 5 0 % compounded semi

The balance on a mortgage was $47,500 and an interest rate of 3.50% compounded semi-annually was charged for the remaining 5-year term. Monthly payments were made to settle the mortgage.
a. Calculate the size of the monthly payments.
b. If the monthly payments were set at $964, how long would it take to pay off the mortgage?
c. If the monthly payments were set at $964, calculate the size of the final payment.

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