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You bought a house worth $319000. You paid 25% of the purchase price in cash and arranged a twenty-year mortgage with a rate of 5.5%
You bought a house worth $319000. You paid 25% of the purchase price in cash and arranged a twenty-year mortgage with a rate of 5.5% compounded semi-annually for the remaining balance. The mortgage has an amortization period of 20 years. How much will your monthly payments be (starting at the end of the first month)
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