Question: A borrower is making a choice between a mortgage with monthly payments or biweekly payments. The loan will be $200,000 at 6 percent interest for

A borrower is making a choice between a mortgage with monthly payments or biweekly payments. The loan will be $200,000 at 6 percent interest for 20 years.
a. How would you analyze these alternatives?
b. What if the biweekly loan was available for 5.75 percent? How would your answer change?

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