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A $ 8 8 comma 0 0 0 mortgage is to be repaid over a twenty - year period by monthly payments rounded up to
A $ comma mortgage is to be repaid over a twentyyear period by monthly payments rounded up to the nexthigher $ Interest is compounded semi dash annually. a Determine the number of rounded payments required to repay the mortgage. b Determine the size of the last payment. c Calculate the amount of interest saved by rounding the payment up to the next higher $ versus rounding the payment to the nearest cent. Question content area bottom Part a The number of rounded payments required to repay the mortgage is enter your response here. Round up to the nearest whole number. Part b The size of the last payment will be $ enter your response here. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed. Part c The amount of interest saved is $
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