Question: - 1 7 ) The interest rate for the first five years of a $ 9 1 , 5 0 0 mortgage loan is 5

-17)
The interest rate for the first five years of a $91,500 mortgage loan is 5.25% compounded semiannually. Monthly payments are calculated using a 20-year amortization. What will be the new payments if the loan is renewed at 6.5% compounded semiannually (and the original amortization period is continued)?(Round your answer to the nearest cent.)
PMT $
-17) The interest rate for the first five years of a

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