A $360,000.00 mortgage is amortized by making monthly payments of $2,564.19. If interest is 7.5% compounded semi-annually, what is the term of the mortgage?

Select one:

a. 345.2434 periods

b. 325.2434 periods

c. 305.2434 periods

d. 315.2434 periods

e. 335.2434 periods

How much principal is repaid in the 74th payment interval on a $142,300 mortgage? The mortgage is amortized over 25 years and the payments are monthly. The interest rate is 7.44% compounded semi-annually.

Select one:

a. $275.16

b. $574.16

c. $572.16

d. $260.06

e. $527.16