A 200000 mortgage was amortized over 15 years by monthly, Ask an Expert

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A $200,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the mortgage was fixed at 6.82% compounded semi-annually for the entire period.

a. Calculate the size of the payments.

Round up to the next 100

b. Using the payment from part a., calculate the size of the final payment.

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Financial Management, Finance

Category:- Financial Management
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