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A couple purchased a house for $390,000. They financed the home by putting 20% down and amortizing the balance over a period of 20 years,

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A couple purchased a house for $390,000. They financed the home by putting 20% down and amortizing the balance over a period of 20 years, Interest rate for the first 5 years is set at 4.04% compounded semi-annually and payments will be made at the end of each month. Do not add a CMHC premium for this question. a) Using the BAll Plus calculator determine the size of the monthly payments for the first 5 years. Round to 2 decimal places. Monthly Payment Do not add any signs, commas or negative signs for your answer. b) Fill in the amortization table, making sure to give all details for the first 2 payments, the last 2 payments and the totals. Make sure to enter rounded values to 2 decimal places Payment Number Payment Amount Interest Per Payment Principal Per Payment Outstanding Balance 0 1 2 N-1 Second Last N Last Totals

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