Question: A borrower is making a choice between a mortgage with a monthly payments or biweekly payments. The loan will be $275,000 at 10% interest for

A borrower is making a choice between a mortgage with a monthly payments or biweekly payments. The loan will be $275,000 at 10% interest for 30 years. How much total money over the life of the loan will he save if he uses biweekly payments?

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