Question: PLEASE USE FORMULA TO SOLVE STEP BY STEP NOT EXCEL OR ANYTHING Christen and Bob are buying a home for $800000. They make a down

PLEASE USE FORMULA TO SOLVE STEP BY STEP NOT EXCEL OR ANYTHING

Christen and Bob are buying a home for $800000. They make a down payment of 30% and finance the rest through a mortgage loan at 8% p.a. compounded quarterly. If they can afford to pay $4000 biweekly on their mortgage loan, how many full payments will be required and what will be the smaller concluding payment two weeks after the last full payment? Use formula to solve

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