Question: If you decide to take the mortgage in Problem 11, Oppenheimer Bank will offer you the following deal: Instead of making the monthly payment you

If you decide to take the mortgage in Problem 11, Oppenheimer Bank will offer you the following deal: Instead of making the monthly payment you computed in that problem every month, you can make half the payment every two weeks (so that you will make 52/2 = 26 payments per year). How long will it take to pay off the mortgage if the EAR remains the same at 6.80%.

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