A mortgage for a condominium had a principal balance of $42,800 that had to be amortized over the remaining period of 5 years. The interest rate was fixed at 3.92% compounded semi-annually and payments were made monthly. B. if monthly payments were set at $887, by how much would the time period of the mortgage shorten? a. 0 years and 7 months b.1 years and 8 months c. 3 years and 6 months d. 4 years and 7 months C. If the monthly payments were set at 887, calculate the size of the final payment. a. $1,378.63 b. -$395.06 c. $493.22 d. $39,273.78