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Oppenheimer Bank is offering 30​-year mortgage with an APR 5% based on monthly compounding. With this...

Oppenheimer Bank is offering 30​-year mortgage with an APR 5% based on monthly compounding. With this mortgage your monthly payments would be $1,970 per month. In​ addition, Oppenheimer Bank offers you the following​ deal: Instead of making the monthly payment of $1,970 every​ month, you can make half the payment every two weeks​ (so that you will make 52/2 =26 payments per​ year). With this​ plan, how long will it take to pay off the mortgage if the EAR of the loan is​ unchanged?

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