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The Wilson's purchased a home for $ 3 5 0 0 0 0 . The put 2 5 % down and took out a mortgage
The Wilson's purchased a home for $ The put down and took out a mortgage for the rest. The mortgage had an interest rate of compounded biweekly for an amortization period of years. At the end of their year term, the Wilsons renewed their mortgage at compounded biweekly for a year term and then renewed their mortgage again at compounded biweekly for the remaining years.
a What was the monthly payment during the year term?
b What was the monthly payment during the year term?
b What was the monthly payment during the year term?
d How much interest did the Wilsons pay over the years?
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