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/12 2. Meghan has a $210,000 mortgage at 7.75% amortized over 25 years. Determine her regular payment if she makes her payments: al!) monthly il)

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/12 2. Meghan has a $210,000 mortgage at 7.75% amortized over 25 years. Determine her regular payment if she makes her payments: al!) monthly il) bi-monthly (24 payments/year) iii) bi-weekly (26 payments/year) b) Calculate the total amount paid for the mortgage over the 25 years assuming the payments remain the same for each. Which payment frequency saved Meghan the most? /6 11

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