A 150000 mortgage at 35 compounded semi-annually with a 20


A $150000 mortgage at 3.5% compounded semi-annually with a 20 year amortization requires montly payents. How much will the amortization period be shortened if a prepayment of $13 000 is made at the end of the fourth year?

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Financial Management: A 150000 mortgage at 35 compounded semi-annually with a 20
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