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Peter has applied for a mortgage of $350,000. Interest is computed at 2,5 percent compounded semiannually. The mortgage will be paid off over 20 years.

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Peter has applied for a mortgage of $350,000. Interest is computed at 2,5 percent compounded semiannually. The mortgage will be paid off over 20 years. . E = 3) Calculate Peter's monthly payment (6 marks) b) Calculate Peter's weekly payment. (2 marks) C Calculate Peter's biweekly (every 2nd week) payment. (2 marks)

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