A mortgage for a condominium had a principal balance of $40,100 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 5.32% compounded semi-anually and payments were made monthly.

A) calculate the size of the payments. (Round to the nexr whole number)

B) If the monthly payments were set at $722, by how much would the time period of the mortgage shorten? answer in ____ year(s) ____ months

C) If the monthly payments were set at $722 calculate the size of the final payment (Round to the nearest cent)