After three years of the first five-year term at 6.3% compounded semiannually, Dean and Cindy decide to
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a. How much will the amortization period be shortened?
b. What will be the principal balance at the end of the five-year term?
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Given PV 200000 i 63 2 315 n 1230 360 c 212 i 2 1 i C 1 1...View the full answer
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