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06-08-2009, 08:00 PM
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hard Mortgage question?
I don't get the solution for this question. Please helpIn 18 years you need to do 220 payments of less than $2778.Your interest rate now is 6% compounded semi-annually. Determine the # of payments by which you can reduce the term of payments.
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06-08-2009, 09:44 PM
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That's a very confusing question. Either you made some typos in stating it, or your teacher should be ashamed of him/herself for being unclear.
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06-08-2009, 11:22 PM
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Yeah, totally agreeAs I first looked at this question, I thought, that it is missing A LOT of information...
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