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(8) 3. A mortgage, for a house, of $450,000 will be paid over 10 years with an annual interest rate of 5.2% compounded biweekly. What

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(8) 3. A mortgage, for a house, of $450,000 will be paid over 10 years with an annual interest rate of 5.2% compounded biweekly. What are the biweekly payments? a) b) How much principal will remain after 7 years? c) Suppose after 7 years the interest rate goes down to 3.9%. Find the new payment amount d) How much interest will be paid during the lifetime of this mortgage

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