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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
A $176 000.00 mortgage is to be repaid over a 21-year period by monthly payments rounded up to the next higher $100.00. Interest is 9.44% compounded semi-annually.
a) Determine the number of rounded payments required to repay the mortgage.
b) Determine the size of the last payment.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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AxyAxy
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Hillier Author
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