Anne purchased a condo for 275 000 she made 25 down payment, Ask an Expert

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Anne purchased a condo for $275 000. She made 25% down payment and received a mortgage for the rest of the aount at 4.75% compounded semi- a year amortization period. Calculate the size of the new montly paymentst if the mortgage is renewed after 5 years at 4.25% compounded semi-annually.

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Financial Management, Finance

Category:- Financial Management
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