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You MUST use the TI BA II calculator features ( N , I / Y , PV , PMT , FV ) to solve questions
You MUST use the TI BA II calculator features N IY PV PMT FV to solve questions whenever possible. Alibaba took out a year amortization $ mortgage five years ago at compounded semiannually and has
been making monthly payments. He will renew the mortgage for a threeyear term today at an interest rate of
compounded semiannually on the same amortization schedule. What are his new monthly mortgage payments?
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