Donald and Joe are buying a home for $800000. They make a down payment of 30% and nance the rest through a mortgage loan at 8% pa. compounded quarterly. Ifthey 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? Donald and Joe are buying a home for $800000. They make a down payment of 30% and nance the rest through a mortgage loan at 8% pa. 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