A mortgage for a condominium had a principal balance of $46,500 that had to be amortized over the remaining period of 6 years. The interest rate was fixed at 4.82% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments, rounded up to the next whole number. $744 $1,367 $736 $754 b. If the monthly payments were set at $894, by how much would the time period of b. If the monthly payments were set at $894, by how much would the time period of the mortgage shorten? 1 years and 1 months 2 years and 2 months 6 years and 6 months 7 years and 7 months c. If the monthly payments were set at $894, calculate the size of the final payment. $1,240.60 -$548.19 1 years and 1 months 2 years and 2 months o 6 years and 6 months 7 years and 7 months c. If the monthly payments were set at $894, calculate the size of the final payment. $1,240.60 $548.19 $347.98 $76,319.39