Amir has obtained a $250,000 mortgage. The mortgage is amortized over 25 years and the...
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Amir has obtained a $250,000 mortgage. The mortgage is amortized over 25 years and the term of the mortgage is five years. The mortgage interest rate is 9% compounded semi-annually. Amir will begin making monthly payments at the end of the month. The monthly payment is closest to $2.069.94 $2.097.99 $5.169.68 55.189.59
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