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The Clooneys got a $720,000 mortgage amortized over 25 years with an interest rate of 4.5% compounded semi-annually for the first 3-year term. They would

  1. The Clooneys got a $720,000 mortgage amortized over 25 years with an interest rate of 4.5% compounded semi-annually for the first 3-year term. They would like to pay on a biweekly basis.

  2. How much is their biweekly payment? 
  3. What is the balance of the mortgage after the first 3-year term? 
  4. How much interest did they pay within the term?

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