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The balance on a mortgage was $44,700 and an interest rate of 5.25% compounded semi-annually was charged for the remaining 3-year term. Monthly payments were

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The balance on a mortgage was $44,700 and an interest rate of 5.25% compounded semi-annually was charged for the remaining 3-year term. Monthly payments were made to settle the mortgage. a. Calculate the size of the monthly payments. Round up to the next whole number . If the monthly payments were set at $1,494, how long would it take to pay off the nortgage? years months Express the answer in years and months, rounded to the next payment period -. If the monthly payments were set at $1,494, calculate the size of the final payment. c. If the monthly payments were set at $1,494, calculate the size of the final payment. ho Round to the nearest cent

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