A 200000 mortgage was amortized over 15 years by monthly, Financial Management

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A 200000 mortgage was amortized over 15 years by monthly

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: A 200000 mortgage was amortized over 15 years by monthly

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Financial Management: A 200000 mortgage was amortized over 15 years by monthly

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