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You have borrowed $770,000 to buy a new condo. The mortgage will be amortized over 20 years. The term of the mortgage is 4 years.
You have borrowed $770,000 to buy a new condo. The mortgage will be amortized over 20 years. The term of the mortgage is 4 years. The quoted rate is 6.9% compounded semi-annually. You will make weekly payments. The payments will be paid at the end of each week.
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Heres how to find the effective weekly rate of interest youre paying on your mortgage 1 Define the p...
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
