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b) After making monthly payments for five years a new term of five years with a fixed rate of 2.74% compounded semi-annually was negotiated. Shauna

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b) After making monthly payments for five years a new term of five years with a fixed rate of 2.74% compounded semi-annually was negotiated. Shauna and Bidelf decide to accelerate the payments by making bi-weekly payments Instead of monthly. What is the new monthly payment and how much was the mortgage shorten by with these new payments? BGN/END N I/Y P/Y 12. PV PMT FV cj Construct a partial mortgage schedule for Shauna and Bidelf showing: (l] the first two and last two payments of the second term

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