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the cost t o purchase a new condominium i s $ 1 4 5 0 0 0 . the bank insists o n a minimum

the cost to purchase a new condominium is $ 145000.the bank insists on a minimum down payment of6.1% a compounded semi- annaually fill intecghart below please answer question 4
The cost to purchase a new condominium is $145000. The bank insists on a minimum down payment of $5000 and will
grant you a mortgage for the remaining amount. The bank offers an interest rate of 6.1%a compounded semi-annually
and an amortization of 25 years.
Fill in the chart below with the details for each mortgage and then calculate the difference in interest paid between weekly
payments and bi-weekly payments. Is there a significant difference?
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