Question: Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $492003.17. Submit Answers (HINT: Solve for N

Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $492003.17. Submit Answers (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) Monthly PMT from Section 4 1871.18 Mortgage Rate As % (V/Y) Present Value of Loan (PV Value At End of Loan (FV) 3.06 Question 1: Payment Frequency Bi-Weekly Formulas for coverting payment frequencies are in Chapter 7 of your textbook. Question 2: Payment Frequency 2 Accel. Weekly -P/Y CAY P/Y -C/Y Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years (2 Decimals Amortization in Years (2 Decimals

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