A mortgage for a condominium had a principal balance of $45,500 that had to be amortized over the remaining period of 5 years. The interest rate was fixed at 5.42% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments, rounded up to the next whole number. $867 $1,544 $854 $879 b. If the monthly payments were set at $967, by how much would the time period of the mortgage shorten? 0 years and 7 months 1 years and 8 months 3 years and 6 months 4 years and 7 months c. If the monthly payments were set at $967, calculate the size of the final payment. a. Calculate the size or the payments, rounded up to the next whole number. $867 51,544 $854 5879 b. If the monthly payments were set at $967, by how much would the time period of the mortgage shorten? 0 years and 7 months 1 years and 8 months 3 years and 6 months 4 years and 7 months c. If the monthly payments were set at 5967 , calculate the size of the final payment. 51.871.24 558.99 $908.28 577,150.92