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What is the size of the monthly payments

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A 30-year, $440,000 mortgage at 4.10% compounded semi-annually is repaid with monthly payments.

What is the size of the monthly payments?

Find the balance of the mortgage at the end of 6 years?

By how much did the amortization period shorten by if the monthly payments are increased by $175 at the end of year six(Express the answer in years and months, rounded to the next payment period.)?

Kindly provide details in excel

Reference no: EM132699455

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