5*) A mortgage balance of $24,200.35 is renewed for the remaining amortization period of four...
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5*) A mortgage balance of $24,200.35 is renewed for the remaining amortization period of four years at 6% compounded semi-annually. a/ Compute the size of the equal monthly payments. b/ Determine the number of total payments & (ii) size of the last payment if the payments computed in part (a) were INSTEAD rounded up to $580.00 monthly c/ How much interest is saved by paying $580 vs. amount calculated in part (a)
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