,1 A. [9 marks) Your employer has just transferred you to beautiful T'Pufinnipeg. Since you anticipate being at the branch here for some time, you have decided to purchase a condo downtown. The condo you want to purchase is being listed at $285,0IOD. The mortgage ofcer at your financial institution has informed you that the current rate on mortgages is 5.80%, compounded semiannually. Fortunately, you are a prudent saver and have managed to amass the 10% down payment in your savings account. You have decided to take the mortgage on an 25year amortization period hoping that this will keep the twice monthly {24 paymentsi'year} payments manageable. What is the effective per armum interest rate that you are paying on this mortgage? [2 mark) What is your twice monthly (twice a month) interest rate for this mortgage? (1 mark) What is your payment for this mortgage? [2. marks) How much of your first payment will be principal? (I mark) How much of your second payment will be interest? [1 mark) If your employer moyes you again in 4 years and you must sell your condo. how much principal do you still owe the bank? (2 marks)