A $ 1 2 0 , 0 0 0 . 0 0 mortgage is amortized over 2

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Question:

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.

Posted Date: May 19, 2024 04:19 AM

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A $ 1 2 0 , 0 0 0 . 0 0 mortgage is amortized over 2

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