Question: Gerry and Alex decide they will buy a two-bedroom garden-suite, with a $925,000 mortgage from West Coast Credit (25 year amortization, 3.4% compounded semi-annually,

Gerry and Alex decide they will buy a two-bedroom garden-suite, with a

Gerry and Alex decide they will buy a two-bedroom garden-suite, with a $925,000 mortgage from West Coast Credit (25 year amortization, 3.4% compounded semi-annually, 5 year term). West Coast Credit has a policy of rounding monthly payments up to the next $100 dollar. How much will Adam and Betty still owe at the end of their 5 year fixed term?

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