A $110,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the mortgage was fixed at 5.00% compounded semi-annually for the entire period.Show complete solution.a. Calculate the size of the payments rounded up to the next $100.

$1,600.00Round up to the next 100b. Using the payment from part a., calculate the size of the final payment.Round to the nearest cent

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on Nov 27, 2024 at 7:28 am



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