Exercises: The amortization of a mortgage 1. Amanda bought herself a townhouse for $ 320,000. She made a down payment of 10% of the value of the house and received a mortgage for the remainder, at a rate of 3.5% capitalized semi-annually for 25 years. It was a five-year fixed rate loan. at. Calculates the monthly payment. b. Calculates the principal balance at the end of the 5-year period. vs. Calculates the monthly payment if the mortgage was renewed for another five-year period at a fixed rate of 3.7% capitalized semi-annually. 3. A mortgage of $ 100,000 has been amortized over 10 years with monthly payments. The mortgage had a fixed rate of 5.5% capitalized semi-annually for the term of the loan. at. Calculates the amount of payments if rounded to the nearest hundred ($ 100). b. Calculate the amount of the final payment. 5. Create a partial mortgage amortization schedule for question 3. Show the first two payments, the last two payments, and the total payments and interest paid. (Ctrl)