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Section B (2 Mark)What is the outstanding balance after 60 payments on a 20-year mortgage...

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Section B (2 Mark)

What is the outstanding balance after 60 payments on a 20-year mortgage that has monthly payments of Rs1062.32 and an interest rate of 5.8% compounded semi-annually?

A.

Rs. 33 282.56

B.

Rs. 181 717.44

C.

Rs. 182 353.70

D.

Rs. 192 598.48

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TESTED 02 Aug 2025