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here is the roatated version Rotte Shapes Tools Image Coboard Oppenheimer Bank is offering a 30-year mortgage with an APR of 4 84% based on

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here is the roatated version image text in transcribed
Rotte Shapes Tools Image Coboard Oppenheimer Bank is offering a 30-year mortgage with an APR of 4 84% based on monthly compounding. With this mortgage your monthly payments would be $1,954 per month In addition, Oppenheimer Bank offers you the following deal. Instead of making the monthly payment of $1,954 every month, you can make half the payment every two weeks (so that you will make 52/2 -26 payments per year). With this plan, how long will it take to pay off the mortgage if the EAR of the loan is unchanged? Note: Make sure to round all intermediate calculations to at least 3 decimal places The number of payments will be which is approximately years. (Round to two decimal places and enter the years rounded to the nearest whole number) You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,356 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 6.750% (APR) How much do you owe on the mortgage today? (Note: Be careful not to round any intermediate steps less than six decimal places) The amount you owe today is $(Round to the nearest dollar.) Rotte Shapes Tools Image Coboard Oppenheimer Bank is offering a 30-year mortgage with an APR of 4 84% based on monthly compounding. With this mortgage your monthly payments would be $1,954 per month In addition, Oppenheimer Bank offers you the following deal. Instead of making the monthly payment of $1,954 every month, you can make half the payment every two weeks (so that you will make 52/2 -26 payments per year). With this plan, how long will it take to pay off the mortgage if the EAR of the loan is unchanged? Note: Make sure to round all intermediate calculations to at least 3 decimal places The number of payments will be which is approximately years. (Round to two decimal places and enter the years rounded to the nearest whole number) You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,356 and you have made every payment on time. The original term of the mortgage was 30 years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 6.750% (APR) How much do you owe on the mortgage today? (Note: Be careful not to round any intermediate steps less than six decimal places) The amount you owe today is $(Round to the nearest dollar.)

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