a) What are the monthly payments on a $800.000 mortgage assuming that the interest rate is 12% per annum and that the mortgage is paid off in 30 years by making equal monthly payments? Assume that payments are made at the end of each 2 month. (3 marks) 3 4 Also calculate: 5 C) How much of the 6th payment will be applied to interest? (3 marks) 6) By the end of year 15, what is the cumulative interest paid? (2 marks) 7 wd) By the end of year 15, what is the cumulative principal paid? (2 marks) 9