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You have just negotiated a 5-year mortgage on $318,400 amortized over 25 years at a rate of 2.29% per year compounded semiannually. a) What are

You have just negotiated a 5-year mortgage on $318,400 amortized over 25 years at a rate of 2.29% per year compounded semiannually.

a) What are the monthly payments?

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