A $45 000 mortgage is repaid in 20 years by making monthly payments of $387.72. What is

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A $45 000 mortgage is repaid in 20 years by making monthly payments of $387.72. 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 04:02 AM

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A $45 000 mortgage is repaid in 20 years by making monthly payments of $387.72. What is

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PV 45 00000 PMT 38772 n 240 c 212 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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