Question: You plan to borrow ( $ 800,000 ) from BNS Bank to purchase a property in Wellington. You plan to make fortnightly (every two weeks)

$You plan to borrow \$ \\$ 800,000 \$ from BNS Bank$

You plan to borrow \$ \\$ 800,000 \$ from BNS Bank to purchase a property in Wellington. You plan to make fortnightly (every two weeks) payments and pay off the loan in 30 years. The mortgage rate is \3.00 p.a. What is your fortnightly mortgage payment? Note that there are 52 weeks in one year. A. \$ \\$ 1,556.05 \$ B. \$ \\$ 1,361.54 \$ C. \$ \\$ 1,750.55 \$ D. \$ \\$ 1,531.38 \$ E. \$ \\$ 1,968.91 \$

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