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You have a 1 5 year 1 0 % fully amortized Canadian mortgage. Note the mortgage rate is quoted as apr compounded semi annually and
You have a year fully amortized Canadian mortgage. Note the mortgage rate is quoted as apr compounded semi annually and payable monthly.
A What is the monthly payment if the mortgage amount is
B What is the relative outstanding mortgage amount in from the original mortgage amount after the th payment is made?
C What fraction of the th payment made will represent the interest paid?
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