Daniel received a 25 year loan of $325,000 to purchase a house. The interest rate on the loan was 3.80% compounded semi-annually. a. What is the size of the monthly loan payment? $0.00 Round to the nearest cent

b. What is the balance of the loan at the end of year 2? $0.00 Round to the nearest cent

c. By how much will the amortization period shorten if Daniel makes an extra payment of $30,000 at the end of year 2? 0 years 0 months