12. Mr Brown borrowed $600,000 to buy a house in Quebec. The term of the mortgage was 5 years and carries a 6% APR. The amortization period is 20 years and he has opted to make bi-weekly payments. How much is his bi-weekly mortgage payment?

13. Notwithstanding your answer to question 12, if the bi-weekly mortgage payment is $2,000 and at the end of the term Mr Brown makes a $100,000 lump sum payment before renewing at a new APR of 4%. How much will his bi-weekly mortgage payment be on the new mortgage?