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Suppose you borrow $800,000 to buy a house that you will amortize over 25 years. You negotiate a 5-year fixed term at 3.5% compounded quarterly

Suppose you borrow $800,000 to buy a house that you will amortize over 25 years. You negotiate a 5-year fixed term at 3.5% compounded quarterly and you intend to make bi-weekly payments (every two weeks). What is the value of the payments (within $40)? 1600 1680 O1760 1840 None of the above

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