14. Jordan and Mike are both planning on attending university in Calgary. Jordan's parents rent him a one bedroom apartment for $750 per month. Mike's parents bought a 3 bedroom house for $285000 that required a down payment of 10% and offered a mortgage amortized over 20 years at an annual rate of 4.15% compounded semi-annually for a 5 year term. They rented the other two rooms out for $600 per month. The house depreciated in value by 1.5% a year and the cost of taxes and maintenance averaged $3000 a year. a. How much did Jordan's parents pay in rent over the 5 years? a. 1 mark b. What were the monthly mortgage payments on Mike's parents' house? (use your financial application and fill in the appropriate inputs) N = 1% = PV = PMT = FV = P/ Y = C/ Y = b. 1 mark c. How much was left to pay on the mortgage after 5 years? (use your financial application and fill in the appropriate inputs) N = 1% = PV = . PMT= FV = P/Y = C/Y = C. 1 mark d. How much had the house lost in value [money] over the 5 years? d. 2 marks