Solved: They go to the bank and obtain a mortgage for 195 00000, Mathematics

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They go to the bank and obtain a mortgage for 195 00000

Sylvie and Roland want to purchase a new house and can afford to make monthly payments of $1000.00. They go to the bank and obtain a mortgage for $195 000.00 compounded semi-annually and amortized over 25 years.

What is the interest rate (to 2 decimal places) of the mortgage?

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Mathematics: They go to the bank and obtain a mortgage for 195 00000

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Mathematics: They go to the bank and obtain a mortgage for 195 00000

Reference No:- TGS01510695

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