Eva buys a condo in downtown Toronto for $500,000. She needs a mortgage for

$400,000. If her bank is offering an interest rate of 4% compounded semi-

annually, what are her monthly payments assuming a 20-year amortization

period?

The 4% agreement with the bank (i.e. - the 'Term') will be in effect for 2-years.

How much of the $400,000 mortgage does Eva still owe at the end of the 2-year

Term?