Ocean Spray has applied for a mortgage of $ 2 0 1 , 0 0 0 .
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Question:
Ocean Spray has applied for a mortgage of $ Interest is computed at percent compounded semiannually. The mortgage will be paid off over years. Use a Financial calculator to arrive at the answers. Do not round intermediate calculations and round the final answers to decimal places.
a Calculate Oceans monthly payment.
Monthly payment $
b Calculate Oceans weekly payment.
Weekly payment $
c Calculate Oceans biweekly every nd week payment.
Biweekly payment $
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