The Siddiqi family takes out a 25 year mortgage for 416000

Last updated: 6/10/2023

The Siddiqi family takes out a 25 year mortgage for 416000 with monthly payments at 4 59 a compounded semi annually At the end of their first 5 year term they renew their mortgage at 4 34 a compounded semi annually What is their outstanding balance when they renew