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QUESTION
You take out a $175,000 Canadian mortgage with a 25-year amortization period, a 5-year term, and a 6% posted mortgage interest rate. What is your
You take out a $175,000 Canadian mortgage with a 25-year amortization period, a 5-year term, and a 6% posted mortgage interest rate. What is your monthly mortgage payment? When the mortgage expires in 5 years, what is the unpaid balance?
