Angie wants to obtain a $$500,000$ mortgage, amortized over $25$ years. Interest rates are currently $8\%,$ compounded twice a year.

What is the Effective Annual Interest Rate? What is the monthly payment on the mortgage? What is the balance outstanding after $60$ months? What is the total value of interest paid over the life of the mortgage?How much would Angie pay per week if she decided to change her mortgage payments to weekly instead of monthly?