# Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of

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## Question:

Ross borrowed $20000 in a secured line of credit to finish his basement. The loan had an annual rate of 4.35% compounded semi-annually and he wanted to pay it off in four years. What would his payments be if he paid:

monthly,

bi-weekly,

weekly.

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**Question Details**

Chapter #

**7**- Purchasing and Financing a HomeSection: Continuing Case

Problem: 1