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Sam takes out a $900,000.00 mortgage with a term of 3 years and an amortization period of 20 years. The interest rate on the mortgage
Sam takes out a $900,000.00 mortgage with a term of 3 years and an amortization period of 20 years. The interest rate on the mortgage is 7.500% compounded bi-weekly and he will make weekly payments. How much does he still owe when the term is over? a. $1,001,639.17. O b. $884,781.27. O c. $759,576.37. O d. $834,699.31. e. $909,822.25
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