2. A contract Price for a new building was $90000 Slade Inc. The buyers paid $12000 as down payment and financed the remaining semi annually for 15 years at interest rate of 9.5% every 3 months a. computes the size of payment. [3 marks) b. Construct an amortization schedule [7 marks) 3.When the littles purchased a home, they borrowed $190000 as a mortgage to be amortized by making monthly payments for 25 years. Interest is 4.89% compounded semi annually for a 3 year term. a. compute the size of monthly payment [2 marks] b. determine the balance at the end of the 3 year term [3 marks) c. Round the balance to the next higher $50 [5marks)