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A 20-year, $360,000 mortgage at 2.50% compounded semi-annually was settled with monthly payments. a. What is the size of the monthly payments? $0.00 Round to
A 20-year, $360,000 mortgage at 2.50% compounded semi-annually was settled with monthly payments. a. What is the size of the monthly payments? $0.00 Round to the nearest cent b. How much will the amortization period be shortened by if weekly payments of $750 are made instead of the monthly payments? 0 years 0 months Express the answer in years and months, rounded to the next payment period c. How much interest will be saved if the weekly payments of $750 are made instead of the monthly payments? $0.00 Round to the nearest cent
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