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Ping and Dakota take out a mortgage of $ 1 7 0 0 0 0 . 0 0 at 5 . 8 % compounded semi

Ping and Dakota take out a mortgage of $170000.00 at 5.8% compounded semi-annually
over 30 years. They are deciding between paying it off in regular weekly payments or in
regular monthly payments.
a) Determine the total payments for one year in each case. How much do Ping and
Dakota save each year with the weekly payment plan? Show your work. [6 marks]
b) Determine the total payments and interest paid in each case. How much do Ping
and Dakota save over the life of the mortgage with the weekly payment plan?
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