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You take an offer for a 3 0 - year mortgage of $ 1 8 0 , 0 0 0 . The Bank of Montreal
You take an offer for a year mortgage of $ The Bank of Montreal offers you the following deal: instead of making the monthly payment of $ every month, you can makehalf the payment every two weeks so that you will make payments a year Howlong will it take to pay off the mortgage if the EAR on the loan is Note: Be careful not to round any intermediate steps less than six decimal places.
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