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Need Help? Wh -11.48 Points] DETAILS HARMATHAP116.5.036.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Some banks now have biweekly mortgages (that is, with payments every
Need Help? Wh -11.48 Points] DETAILS HARMATHAP116.5.036.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Some banks now have biweekly mortgages (that is, with payments every other week). Compare a 20-year. $80.000 loan at 7.246 by finding the payment size and the total interest paid over the we of the loan under each of the following conditions. (Round your answers to the nearest cent) (a) Payments are monthly, and the rate is 7.2%, compounded monthly payment sizes total interest (b) Payments are biweekly, and the rate is 7.2%, compounded biweekly. (Assume a standard 52-week year) payment size 5 total interest Need Help? Subm
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