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A \$130,000 mortgage was amortized over 20 years by monthly repayments. The interest rate on...

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Accounting

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A \$130,000 mortgage was amortized over 20 years by monthly repayments. The interest rate on the mortgage was fixed at 5.50% compounded semi-annually for the entire period. a. Calculate the size of the payments rounded up to the next $100. Round up to the next 100 b. Using the payment from part a., calculate the size of the final payment. Round to the nearest cent

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