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A 190000 mortgage was amortized over 15 years by monthly

Question - A $190,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the mortgage was fixed at 3.72% compounded semi-annually for the entire period.

a. Calculate the size of the payments.

b. Calculate the size of the final payment, rounding to the nearest cent.

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Accounting Basics: A 190000 mortgage was amortized over 15 years by monthly

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Accounting Basics: A 190000 mortgage was amortized over 15 years by monthly

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