You have a 25-year $325,000 mortgage with a 3.25% rate of interest that is compounded semi-annually. Payments
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You have a 25-year $325,000 mortgage with a 3.25% rate of interest that is compounded semi-annually. Payments are made monthly. How much interest will you pay by the end of year three, up to and including payment number thirty six?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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