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

A borrower is making a choice between a mortgage with a monthly payments or biweekly payments. The loan will be $200,000 at 6% interest for 20 years. How much will the biweekly payment plan save the borrower? (remember there are 52 weeks in a year)

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