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Oppenheimer Bank is offering a 30-year mortgage with an APR of 44% based on monthly compounding with this mortgage your monthly payments would be 52.046

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Oppenheimer Bank is offering a 30-year mortgage with an APR of 44% based on monthly compounding with this mortgage your monthly payments would be 52.046 per month. In addition, Oppenheimer Bank offers you the following deal: Instead of making the monthly payment of $2.046 every month, you can make all the payment every two weeks (so that you will make 52/2-28 payments per year). With this plan, how long wil it take to pay off the mortgage the EAR of the loan is unchanged? Note: Make sure to round all intermediate calculations to at least 8 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)

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