2. A $275 000 mortoo is amortized over 25 years at 3.75% per year. Bytow, Mortgages are compounded semi-annually a) Use TVM Advanced Calculator to determine the monthly payment and the semi-monthly payment. Copy the entries below. (3 points) Monthly Semi-monthly TVM Advanced Calculator TVM Advanced Calculator PV Presente PU TV . AR Puede . Am Puedes Compounding Compounding b) Compare and find difference of the total amount paid for each payment frequency (1 point) Page 2 of 4 TVM Advanced Calculator Approximately how long would it take to pay the mortgage in full by making weekly payments of 600? Use a TVM Advance Calculator and copy the entries 2 points) Present Value PY Payments PUT Future Value PV . Periods Pero d) What is the effect of increasing the weekly payments by a fived amount? Use an increase of S1 in the payment to help you explain (2 points) TVM Advanced Calculator Mode Bagning Pre Value Payments F Ana . Periods Compounding 2. A $275 000 mortoo is amortized over 25 years at 3.75% per year. Bytow, Mortgages are compounded semi-annually a) Use TVM Advanced Calculator to determine the monthly payment and the semi-monthly payment. Copy the entries below. (3 points) Monthly Semi-monthly TVM Advanced Calculator TVM Advanced Calculator PV Presente PU TV . AR Puede . Am Puedes Compounding Compounding b) Compare and find difference of the total amount paid for each payment frequency (1 point) Page 2 of 4 TVM Advanced Calculator Approximately how long would it take to pay the mortgage in full by making weekly payments of 600? Use a TVM Advance Calculator and copy the entries 2 points) Present Value PY Payments PUT Future Value PV . Periods Pero d) What is the effect of increasing the weekly payments by a fived amount? Use an increase of S1 in the payment to help you explain (2 points) TVM Advanced Calculator Mode Bagning Pre Value Payments F Ana . Periods Compounding