Question: 1. A borrower is making a choice between a mortgage with monthly payments or biweekly payments. The loan will be $200,000 at 6% interest for

1. A borrower is making a choice between a mortgage with monthly payments or biweekly payments. The loan will be $200,000 at 6% interest for 20 years.

(a.) How would you analyze these alternatives?

b.) What if the biweekly loan was available for 5.75%? How would your answer change?

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