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6. Shirley and Cameron have just moved to Brandon and are options: considering the two following housing required. It has a 25-year mortgage at an
6. Shirley and Cameron have just moved to Brandon and are options: considering the two following housing required. It has a 25-year mortgage at an interest rate of 3.00%, compounded semi-annually Option 1: A house with a purchase price of $249 000.00 and down payment of $50,000.00 Option 2: Apartment for rent with monthly payments of $1300.00 and monthly parking fees of $60.00 a. What would be Shirley and Cameron's monthly mortgage payment with Option 1? Show your work. b. What will be the total amount paid for each option at the end of 10 years? c. State one advantage of renting the apartment
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