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You have just negotiated a 5 year mortgage on $200,000 amortized over 20 years at a rate of 7% APR with semi-compounding. The mortgage will

You have just negotiated a 5 year mortgage on $200,000 amortized over 20 years at a rate of 7% APR with semi-compounding. The mortgage will be renegotiated every 5 years. Instalment payments to be made are monthly. Determine the rate you will chose to find the monthly payments

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