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3. A $220,000.00 mortgage is amortized over 25 years. If interest on the mortgage is 3.5% compounded semi-annually, calculate the size of bi-weekly payment. Select

3. A $220,000.00 mortgage is amortized over 25 years. If interest on the mortgage is 3.5% compounded semi-annually, calculate the size of bi-weekly payment.

Select one:

a. $1,098.39

b. $594.22

c. $506.95

d. $549.20

e. $954.44

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