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You purchase a two bedroom condo near UVic and take a mortgage of $310,000. You will repay the mortgage with monthly payments at the end
You purchase a two bedroom condo near UVic and take a mortgage of $310,000. You will repay the mortgage with monthly payments at the end of the month for 30 years. Find the size of these monthly payments if your mortgage rate is J2 = 4%. The bank has a policy of rounding up mortgage payments to the next dollar. Your
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