Determine the Principal Balance after making the 34 month end payment of $1965 on a loan of $350,000 if the rate of interest is 3.86% compounded semi-annually. Answer: What monthly payments should be made on the purchase of a house worth $406209 if 19% is used as a down payment and the remainder will be paid off at a rate of 5.59% compounded monthly over 25 years? Answer: Sam pays his $476295 mortgage over 40 years with biweekly payments while Bill pays his $476295 mortgage over 25 years with biweekly payments. How much more does Bill pay per payment assuming a rate of interest of 5.82% compounded semi-annually