Oppenheimer Bank is offering a ​-year mortgage with an APR of based on monthly compounding. With this mortgage your monthly

Oppenheimer Bank is offering a ​-year mortgage with an APR of based on monthly compounding. With this mortgage your monthly payments would be per month. In​ addition, Oppenheimer Bank offers you the following​ deal: Instead of making the monthly payment of every​ month, you can make half the payment every two weeks​ (so that you will make payments per​ year). With this​ plan, how long will it take to pay off the mortgage if the EAR of the loan is​ unchanged? Note: Make sure to round all intermediate calculations to at least 8 decimal places.


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