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1. Ivhy bought a house for $205000 and made a down payment of $30000. The annual interest rate for a five-year fixed rate mortgage is

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1. Ivhy bought a house for $205000 and made a down payment of $30000. The annual interest rate for a five-year fixed rate mortgage is 5.5%. Determine the biweekly payment for a mortgage with a 25 -year amortisation period. Round up to the nearest dollar. (Use the TVM Solver) [3] Show all the variable entries used in the TVM Solver

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