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d) Assume that at the end of the 5-year contract your remaining outstanding principal is $250,000 The interest rate on your mortgage is still 2.29%

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d) Assume that at the end of the 5-year contract your remaining outstanding principal is $250,000 The interest rate on your mortgage is still 2.29% per year compounded semiannually, but you decide to switch to weekly payments (52 weeks per year) What is the amount of your weekly payment? (2 marks)

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