A mortgage of $35 500 is repaid by making payments of $570 at the end of each

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A mortgage of $35 500 is repaid by making payments of $570 at the end of each month for 15 years. What is the nominal annual rate of interest compounded semi- annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:00 AM

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A mortgage of $35 500 is repaid by making payments of $570 at the end of each

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PV 35 50000 PMT 57000 n 180 c 21...View the full answer

Contemporary Business Mathematics with Canadian Applications

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