a. You are arranging a $366,000 Canadian mortgage with a 29 -year amortization period and a 6.8% posted interest rate. What the monthly mortgage payment? (Do not round intermediate calculations. Round your answer to the nearest cent.) The monthly mortgage payment $ b. Suppose the bank offers you the opportunity to pay your monthly payments in two equal instalments (pay one-half of the monthly payment every 2 weeks). How much faster will you pay off your mortgage this way? (Do not round intermediate calculations. Round your answer to 1 decimal place.) The mortgage is paid off years sooner