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A mortgage has a principal balance of $ 3 8 5 , 0 0 0 , an interest rate of 4 . 4 5 %

A mortgage has a principal balance of $385,000, an interest rate of 4.45% compounded semi- annually not in advance. The amortization is 15 years. What is the accelerated bi-weekly payment amount?
a) $674.61
b) $1,349.78
c) $1,463.71
d) $2,927.41

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