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The interest rate on a 3 0 - year, $ 5 7 0 , 0 0 0 . 0 0 mortgage is 5 . 5
The interest rate on a year, $ mortgage is compounded semiannually. Calculate the amount of interest saved if the mortgage was settled with monthend payments in years instead of monthend payments in years. Note: Round the monthend payments to the nearest cent.
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