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Stefano takes out a $650,000.00 mortgage with a term of 5 years and an amortization period of 15 years. The interest rate on the mortgage

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Stefano takes out a $650,000.00 mortgage with a term of 5 years and an amortization period of 15 years. The interest rate on the mortgage is 8.750% compounded monthly and he will make bi-weekly payments. How much does he still owe when the term is over? a. $565,010.56. b. $518,358.31. O c. $502,807.56. O d. $497,623.98. e. $544,276.22. Certainty : Oc=1 (Unsure: 67%) OC=3 (Quite sure: >80%)

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