1 2 B 3 The Robinson family is considering purchasing a house in the Ottawa area for $680000. They wish to amortize the loan by making monthly payments with a 10-year variable rate mortgage. The original interest rate was 5.3% compounded monthly, and reset to 6.4% compounded monthly at the end of the 5th year. (Make sure to show the change in payment size.) create your amortization table in the space below.

The Robinson family is considering purchasing a house in the Ottawa area for $680000. They wish to amortize the loan Dy making monthly payments with a 10-year variable rate mortgage. The original interest rate was 5.3% compounded monthly, and reset to 6.4% compounded monthly at the end of the 5 th year. (Make sure to show the change in payment size.)