Some banks now have biweekly mortgages (that is, with payments every other week). Compare a 20-year, $100,000
Question:
(a) Payments are monthly, and the rate is 8.1%, compounded monthly.
(b) Payments are biweekly, and the rate is 8.1%, compounded biweekly.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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