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A mortgage has a principal balance of $385,000, an interest rate of 4.45% compounded semi-...

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Accounting

A mortgage has a principal balance of $ $385, 000,$ an interest rate of $4.45 %$ compounded semi $-$ annually not in advance. The amortization is $15$ years. What is the accelerated bi $-$ weekly payment amount?

a $)$ $ $674.61$

b $)$ $ $1, 349.78$

c $)$ $ $1, 463.71$

d $)$ $ $2, 927.41$

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