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Your wish to buy a home in Guelph. Your real estate agent assesses that to purchase a house in Guelph it would take payments of

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Your wish to buy a home in Guelph. Your real estate agent assesses that to purchase a house in Guelph it would take payments of approximately $1,800 per month over 30 years at the 5 percent APR interest (with monthly compounding). What is the value of the mortgage with these terms? (20 MARKS)

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