Bryan planned to take a mortgage to purchase a house but could only afford to pay a maximum amount of $2,000 every month as mortgage payments. The variable open interest rate offered by his bank was 4.40% compounded semi-annually on mortgages amortized over 15 years. Calculate the maximum mortgage amount he will receive. Round to the nearest cent Question 3 of 12 A loan of $304,000 at 3.42% compounded quarterly was to be settled with month-end payments of $9,250. What will be the balance on the loan at the end of year Round to the nearest cent