Question

Pey Soon has taken out a 20-year, $150,000 mortgage with monthly payments (made at the end of each month) at a stated mortgage rate of 6.8% per year compounded semi-annually. If she makes each payment on time, what will be the mortgage principal remaining after 10 years?
Please answer with the solution

Oct 23, 2014

15

Oct 17, 2015

$99182

Oct 24, 2016

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