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Lada Lada
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7 years ago
Tariq bought a commercial property valued at $130 000 for $26 000.00 down and a mortgage amortized over 25 years. He makes equal payments due at the end of every month. Interest on the mortgage is 4.1% compounded semi-annually and the mortgage is renewable after five years. What is the cost of the mortgage for the first five years?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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SupremeSupreme
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Lada Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
oscar520000
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Brilliant ツ
Danivalda
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Correct Slight Smile TY
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