You want to pay off your mortgage on something called an accelerated bi-weekly payment plan. You have a mortgage of $500,000 amortized over 25 years at a rate of 3.5 percent APR compounded semi-annually.

a,What would the regular bi-weekly payment be?

b. What would the accelerated bi-weekly payment be?

c. How much quicker would you pay off the mortgage payment?

d. How much interest would you save by doing the accelerated bi-weekly payment?