4. 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 15 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. e. Assuming the house was sold at market value after 5 years, how much would Mike's parents receive from the sale? 2 marks f. How much did Mike's parents have to subsidize the rent for the 5-year term? 2 marks