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To finance your new house, you have obtained a 20-year, S620,000 mortgage. The bank has offered you an interest rate of 6.8%. You can't decide

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To finance your new house, you have obtained a 20-year, S620,000 mortgage. The bank has offered you an interest rate of 6.8%. You can't decide on a payment frequency. Complete the following table to help you make a decision. Number of Payments per Year Mortgage Payment 12

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