1 Mary takes out a $571,502 mortgage at 6% interest compounded semi-annually with a 30-year amortization. What are the biweekly payments? For full marks your answer should be rounded to the nearest cent. Payment =$0.00

2

Alan deposits $47,000 into an annuity that earns 3.50% interest compounded semi-annually, and which generates payents at the end of each month for 4 years. Answer the following questions. For full marks your answer should be rounded to the nearest cent. a) How much is the monthly payment?

Payment =$0.00

B) How much of the 4^th payment comes from the annuity's principal?

Principal = $0.00

c) How much of the payments in the third year will come from the annuity's principal?

Interest = $0.00