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Please show the correct answer and the excel formula. Thanks! Question 4 -- Mortgage Payments Answer all question parts below. Use blank spaces to perform

Please show the correct answer and the excel formula. Thanks!

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Question 4 -- Mortgage Payments Answer all question parts below. Use blank spaces to perform any necessary calculations. CELL REFERENCE AND USE EXCEL FUNCTIONS APPROPRIATELY. Format appropriately. Sam & Lucy want to buy a home for $850,000. They will make a down payment of $70,000 towards the purchase of this home. They will then need the difference as a mortgage. Their bank is quoting an APR of 3.5% for a 25-year amortization period. This is a Canadian residential mortgage. What will their bi-weekly mortgage payment be? bi-weekly

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