You bought a ski chalet at Whistler for $2,700,000. You borrow the full amount over a 30-year term. The bank quotes you a nominal interest rate (APR) of 6%. You select bi-weekly payments (26 payments per year). What are the bi-weekly mortgage payments? Interest is compounded semi-annually and payments begin at the end of the first period. (State the closest answer.)

Question 8 options:

	$7300
	$7350
	$7400
	$7450