Xenia has a mortgage for $464,893.00. The term of the mortgage is 5 years, and...
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Xenia has a mortgage for $464,893.00. The term of the mortgage is 5 years, and the amortization period is 25 years. Xenia will make weekly payments and the mortgage rate is r4) = 5.000%. The bank offers Xenia a flexible repayment plan, so once a year she can miss a payment or make a payment twice as large as usual. Each year, Xenia doubles the last payment of the year. a) How much would Xenia owe at the end of the mortgage term if they didn't double any payments? b) How much does Xenia still owe at the end of the mortgage term (including the extra/missed payments)? $
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