A couple is planning to purchase a house in Nepean for a price of $350,000. They are planning to pay down payment of 575.000 and would finance the remainder by a mortcare of $275,000 $350,000 - 575.000 $275.000). They are considering 20-year mortgage with b y payments. The quoted te would 35 percent semi-annual compounded Calculate the following Question 31 (1 point) Saved What would be the Effective Annual Rate? (1 mark) 3.557% 3.561% 3.531% 3.5% None of the Above Question 32 (1 point) v Saved What would be effective bi-weekly rate? (1 mark) 0.134% 00.29% 0.067% 1.75% None of the Above Question 33 (1 point) Save How many bi-weekly, mortgage payments would they pay during the 20-year period? (1 mark) 1040 240 480 520 None of the Above Question 34 (1 point) Saved How much would their bi-weekly mortgage payments be? (1 mark) $732.91 $1,338.21 5488.73 5366.77 None of the Above