A $35000 mortgage taken out on June 1 is to be repaid by monthly payments...
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A $35000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is 10 years and interest is 5.9% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term. What is the monthly payment rounded up to the nearest $10?
A $35000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period is 10 years and interest is 5.9% compounded semi-annually for a six-month term. Construct an amortization schedule for the six-month term.
What is the monthly payment rounded up to the nearest $10?
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