The balance on a mortgage was $49,000 and an interest rate of 5.75% compounded semi-annually...
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The balance on a mortgage was $49,000 and an interest rate of 5.75% compounded semi-annually was charged for the remaining 5-year term. Monthly payments were made to settle the mortgage. a. Calculate the size of the monthly payments. $0 Round up to the next whole number b. If the monthly payments were set at $1,041, how long would it take to pay off the mortgage? 0 years 0 months
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