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Science-Related Homework Help Mathematics Topic started by: majarm on Nov 27, 2017



Title: Rebecca bought a house in Oshawa and took a $259 000 mortgage amortized by monthly payments over 25 ...
Post by: majarm on Nov 27, 2017
Rebecca bought a house in Oshawa and took a $259 000 mortgage amortized by monthly payments over 25 years that is renewable after 5 years. If interest is 4.4% compounded semi-annually, what is the outstanding balance at the end of the five year term?
If the mortgage is renewed for a further 5 year term at 3.7% compounded semi-annually, what is the balance after the second 5 year term?


Title: Re: Rebecca bought a house in Oshawa and took a $259 000 mortgage amortized by monthly payments over ...
Post by: Axy on Nov 27, 2017
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Title: Re: Rebecca bought a house in Oshawa and took a $259 000 mortgage amortized by monthly payments over ...
Post by: Jazzy Jatt on Jul 24, 2020
THANKS