A $160,000 mortgage was amortized over 20 years by monthly repayments. The interest rate on the mortgage was fixed at 5.10% compounded semi-annually for the entire period. Full solutions should be shown on separate sheets of paper. Submit your solutions.

a. Calculate the size of the payments rounded up to the next $100. Round up to the next 100

b. Using the payment from part a., calculate the size of the final payment. Round to the nearest cent