Ross borrowed $10000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted to pay it off in four years. What would his payments be if he paid:

a. monthly

b. bi-weekly

c. weekly

$227.19

a. _______________________

1 mark

$104.75

b. _______________________

1 mark

$52.36

c. _______________________

1 mark

$905.12

Monthly repayments: _______________________

$894.00

Bi-Weekly repayments: _______________________

$890.88

Weekly repayments: _______________________

d. Calculate the interest he would have paid with each repayment option.