Solved: Assume that in the previous problem you decide to make, Microeconomics

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Assume that in the previous problem you decide to make

1. Assume that in the previous problem you decide to make bi-weekly payments instead of a monthly payment (i.e. to pay half of the monthly amount every two weeks).

(a) What is the total amount of money you pay the bank over the life of the mortgage?

(b) What is the total amount of interest that you pay?

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Microeconomics: Assume that in the previous problem you decide to make

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