The government of Canada pays lower rates of interest than Canadian corporations when each of them borrows from the public because:

A.the government of Canada only pays the riskfree rate when it borrows

B.

the government of Canada only pays the nominal rate when it borrows

C.

the government of Canada only pays the overnight rate when it borrows

D.

the government of Canada only pays the real rate when it borrows

You decide to take a 30-year mortgage of $180,000 offered by the Bank of Montreal. Instead of making the monthly payment of 1,171.66 every month, you can make half the payment every two weeks (so that you will make 26 payments a year). How long will it take to pay off the mortgage if the EAR on the loan is 7.00%?

The amount of time to pay off the loan is

nothing

weeks.