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You and your partner just bought a new house and qualified for a 25-year, $330,000 mortgage. The bank has offered you an interest rate of

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You and your partner just bought a new house and qualified for a 25-year, $330,000 mortgage. The bank has offered you an interest rate of 6.6%. You can't decide on a payment frequency. Complete the following table to help you make a decision. Number of Payments per Year Mortgage Payment 12 24 26 52 Complete the table below. Number of Payments per Year 12 Mortgage Payment $ 24 $ 26 $ $ 52 (Round to the nearest cent as needed.)

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