Question: A $ 1 2 0 , 0 0 0 . 0 0 mortgage is amortized over 2 5 years. If interest on the mortgage is

A $ 120,000.00 mortgage is amortized over 25 years. If interest on the mortgage is 8.5% compounded
semi-annually, calculate the size of monthly payments made at the end of each month.

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