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OppenheimerOppenheimer Bank is offering a 3 0 3 0 - year mortgage with an APR of 4 . 9 1 % 4 . 9 1
OppenheimerOppenheimer Bank is offering a year mortgage with an APR of based on monthly compounding. With this mortgage, your monthly payments would be $ comma per month. In addition, OppenheimerOppenheimer Bank offers you the following deal: Instead of making the monthly payment of $ comma every month, you can make half the payment every two weeksso that you will make divided by equals 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 decimal places.
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The number of payments will be enter your response here. Round to two decimal places.
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