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Daniel and Michael are buying a home for $800000. They make a down payment of 30% and finance the rest through a mortgage loan at

Daniel and Michael are buying a home for $800000. They make a down payment of 30% and finance the rest through a mortgage loan at 8% p.a. compounded quarterly. If they can afford to pay $4000 biweekly on their mortgage loan, how many full payments will be required and what will be the smaller concluding payment two weeks after the last full payment?

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