A 140 000 mortgage was amortized over 10 years by monthly

Last updated: 8/13/2023

A 140 000 mortgage was amortized over 10 years by monthly repayments The interest rate on the mortgage was fixed at 5 50 compounded semi annually for the entire period a Calculate the size of the payments rounded up to the next 100 Round up to the next 100 b Using the payment from part a calculate the size of the final payment