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The interest rate for the 25-year term of a $1,500,000 mortgage loan is 5% compounded semiannually. Under 30% of the total loan value as down

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The interest rate for the 25-year term of a $1,500,000 mortgage loan is 5% compounded semiannually. Under 30% of the total loan value as down payment, the mortgage will require bi-weekly payment paid at the end of each bi-week period, which cannot be changed through the amortization period except the final payment. The mortgage contract gives the borrower the right to prepay up to 10% of the chginal mortgage loan onc&a year without interest penalty. If the borrower could make annual prepayment of 2% of the original mortgage loan starting from the beginning of the second year for a total of 9 prepayments. Please find the final payment. The interest rate for the 25-year term of a $1,500,000 mortgage loan is 5% compounded semiannually. Under 30% of the total loan value as down payment, the mortgage will require bi-weekly payment paid at the end of each bi-week period, which cannot be changed through the amortization period except the final payment. The mortgage contract gives the borrower the right to prepay up to 10% of the chginal mortgage loan onc&a year without interest penalty. If the borrower could make annual prepayment of 2% of the original mortgage loan starting from the beginning of the second year for a total of 9 prepayments. Please find the final payment

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