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Mr Brown borrowed $600,000 to buy a house in Quebec. The term of the mortgage was 5 years and carries a 6% APR. The amortization
Mr Brown borrowed $600,000 to buy a house in Quebec. The term of the mortgage was 5 years and carries a 6% APR. The amortization period is 20 years and he has opted to make bi-weekly payments. How much is his bi-weekly mortgage payment?
a. 1,153.89
b. 3,000
c. 1817.71
d. 1826.38
e. 3,942.75
f. 3,959.73
g. 5,213.59
h. none of the above
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