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You want to pay off your mortgage on something called an accelerated bi - weekly payment plan. You have a mortgage of $ 5 1

You want to pay off your mortgage on something called an accelerated bi-weekly payment plan. You have a mortgage of $510,000 amortized over 26 years at a rate of 3.6 percent APR compounded semi-annually. (Assume 52 weeks a year.)
a. What would the regular bi-weekly payment be?(Do not round your intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Regular bi-weekly payment
$
b. What would the accelerated bi-weekly payment be?(Do not round your intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Accelerated bi-weekly payment
$|||
c. How quick do you pay off your mortgage in years? (Round your answer to 3 decimal places.)
Pay off period lears
d. How much interest would you save by doing the accelerated bi-weekly payment? (Do not round your intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Savings in interest payment
$|||
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