3 A $500,000 mortgage is amortized over 25 years with monthly payments at an interest rate of 4 compounded semi annually a (3 Marks) Find the size of the regular monthly payment (round up to the nearest cent) and the size of the final smaller payment b (1 Mark) What is the total interest paid over...

a The size of the regular monthly payment is 201167 and the size of the final smaller payment is 201 ...

3. A $500,000 mortgage is amortized over 25 years with monthly payments at an interest rate...

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Fundamentals of Engineering Economics

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3. A $500,000 mortgage is amortized over 25 years with monthly payments at an interest rate...

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Fundamentals of Engineering Economics

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