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Calculate the couples monthly mortgage payment based on the

A couple is buying a home for $300,000. They make a down payment of 20% and finance the rest through a mortgage loan at a nominal rate 6.5% compounded semi-annually. Calculate the couple's monthly mortgage payment based on the following repayment periods: 25 years, 20 years, 15 years.

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Finance Basics: Calculate the couples monthly mortgage payment based on the

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