You have found your dream home in Bedford for 400000 In order to avoid buying mortgage loan insurance from the Canadian Mortgage Housing Corporation you have decided to go for a conventional mortgage by making a down payment of 20 and financing the balance with a mortgage loan Your local bank has offered you a 25year mortgage at their preferred client APR of 435 compounded semiannually for 5 years You have chosen a monthly amortization schedule Unless otherwise stated assume each of the question

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A a Each payment 1287436 1536212 1636489 2198674 2365471 8974532 b The money t... View the full answer