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Peter Piper has applied for a mortgage of $120,000. Interest is computed at 8.5% compounded semi-annually. The mortgage will be paid off over 20 years.

Peter Piper has applied for a mortgage of $120,000. Interest is computed at 8.5% compounded semi-annually. The mortgage will be paid off over 20 years. Calculate Peters bi-weekly (every 2nd week) payment.

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