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A $ 4 9 2 , 7 0 0 mortgage at 2 . 2 6 % compounded semi - annually is amortized over 2 0
A $ mortgage at compounded semiannually is amortized over years. The mortgage is settled with monthly payments.
What is the size of the monthly payments? Enter your answer in blank #Round your answer to decimal places and include the $ sign. Enter your answer in the form $
What is the balance on the mortgage at the end of year Enter your answer in blank #Round your answer to decimal places and include the $ sign. Enter your answer in the form $
By how much is the amortization period shortened by if a lumpsum payment of $ at the end of year Give your answer in years and months. Enter the years in blank # and enter the months in blank #
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