A $ 3 9 comma 0 0 0 mortgage taken out on June 1 is to be
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Question:
A $ comma mortgage taken out on June is to be repaid by monthly payments rounded up to the nearest $ The payments are due on the first day of each month starting July The amortization period is years and interest is compounded semiannually for a sixmonth term. Construct an amortization schedule for the sixmonth term.
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