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The image contains a set of financial questions regarding mortgage repayment options. Below is the extracted text:

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**THE NEXT THREE (3) QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:**

Bruce is considering buying his dream home and has arranged a mortgage loan with a face value of $700,000, an interest rate of 7.5%, an amortization period of 25 years, and a term of 3 years. He is considering three repayment plans with different payment frequencies:

- **Option 1:** Constant monthly payments
- **Option 2:** Biweekly payments
- **Option 3:** Accelerated biweekly payments

All options require the mortgage payments to be rounded up to the next highest dollar.

1. If Bruce chooses Option 1, calculate the amount of principal repaid over the term, interest paid during the term, and the outstanding balance owing at the end of the term, respectively, rounded to the nearest dollar.
   - (1) $32,645; $151,711; $667,355 
   - (2) $35,677; $152,403; $669,323 
   - (3) $39,863; $149,187; $660,137 
   - (4) $50,108; $149,571; $649,891

2. If Bruce chooses Option 2, calculate the amount of principal repaid over the term, interest paid during the term, and the outstanding balance owing at the end of the term, respectively, rounded to the nearest dollar.
   - (1) $34,645; $153,711; $652,355 
   - (2) $50,103; $149,571; $649,891 
   - (3) $39,863; $149,187; $660,137 
   - (4) $32,677; $151,403; $667,323

3. If Bruce chooses Option 3, calculate the amount of principal repaid over the term, interest paid during the term, and the outstanding balance owing at the end of the term, respectively, rounded to the nearest dollar.
   - (1) $45,863; $139,187; $660,137 
   - (2) $50,196; $149,562; $649,804 
   - (3) $32,645; $131,711; $637,355 
   - (4) $52,677; $159,403; $657,323

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Would you like a detailed calculation or further assistance with these questions?

Here are some questions you might want to ask next:
1. How do you calculate the monthly payment for a mortgage?
2. What is the formula for biweekly mortgage payments?
3. How do accelerated biweekly payments affect the mortgage term?
4. What is the difference between interest paid and principal repaid?
5. How to calculate the outstanding balance of a mortgage at any point?

**Tip:** When comparing mortgage options, always consider the total interest paid over the term and the impact of payment frequency on the outstanding balance.

Explore Bruce's mortgage repayment options including constant monthly payments, biweekly payments, and accelerated biweekly payments. Understand how to calculate principal repaid, interest paid, and outstanding balance over different terms. Learn the formulas and methods involved in mortgage calculations.

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