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The Pandeys just purchased a home in Burnaby for $1,500,000. They made a down payment of 20% and took out a mortgage with Westminster Savings
The Pandeys just purchased a home in Burnaby for $1,500,000. They made a down payment of 20% and took out a mortgage with Westminster Savings Credit Union for the balance amortized over 25 years at 2.79% compounded semi-annually for a 5-year term. Calculate their monthly payment. The credit union rounds the payment up to the next dollar.
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