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A home buyer buys a house for $225,000. She pays 20% cash, and takes a fixedrate mortgage for ten years at 6.26% nominal annual rate.

A home buyer buys a house for $225,000. She pays 20% cash, and takes a fixedrate mortgage for ten years at

6.26% nominal annual rate. If she makes payments at the end of every two weeks, which of the following is

closest to each of her payments?

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