You want to obtain a $100,000 Canadian residential mortgage. If the bank is currently offering...
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You want to obtain a $100,000 Canadian residential mortgage. If the bank is currently offering mortgages at 6%, compounded semi-annually and repaid monthly over 25 years, how much are your monthly payments and How much are the total interest payments on the mortgage? Please show the steps of calculations in Financial calculated and a working note.
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