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Required: a. What would be the maturity period if payments are bi-weekly? How much will the borrower pay in total under each payment option? Which

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Required: a. What would be the maturity period if payments are bi-weekly? How much will the borrower pay in total under each payment option? Which choice would be less costly to the borrower? Hint: Assume 26 total bi-weekly payments per year for the maturity period. b. Assume that the bl-weekly loan was avallable for 5.75%. What would be the maturity period if payments are biweekly? How much will the borrower pay in total under each payment option? Which choice would be less costly to the borrower? Required: a. What would be the maturity period if payments are bi-weekly? How much will the borrower pay in total under each payment option? Which choice would be less costly to the borrower? Hint: Assume 26 total bi-weekly payments per year for the maturity period. b. Assume that the bl-weekly loan was avallable for 5.75%. What would be the maturity period if payments are biweekly? How much will the borrower pay in total under each payment option? Which choice would be less costly to the borrower

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