Mathematics, 03.12.2020 04:50 manny2085
Laurel wants to buy a property with a first mortgage of $626,000 at 5% compounded semi-annually
not in advance, and a second mortgage of $130,000 at 6.5% interest compounded semi-annually,
not in advance. What is the average mortgage rate for the two mortgages (rounded to one decima
place)?
Answers: 1
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Laurel wants to buy a property with a first mortgage of $626,000 at 5% compounded semi-annually
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