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Five years ago, the Ferreiras purchased a house and took out a mortgage of $ 6 0 0 , 0 0 0 from the BMO

Five years ago, the Ferreiras purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25 years at 2.79% compounded semi-annually for a 5-year term. The bank calculated their monthly payment should be $2,776.
How much do they still owe after making 3 years of payments?
Question 2 options:
$612,517.77
$547,917.67
$595,823.24
$500,064
$756,091.01Five years ago, the Ferreiras purchased a house and took out a mortgage of $600,000 from the BMO bank. They amortized the mortgage over 25 years at 2.79% compounded semi-annually for a 5-year term. The bank calculated their monthly payment should be $2,776.
How much do they still owe after making 3 years of payments?
Question 2 options:
$612,517.77
$547,917.67
$595,823.24
$500,064
$756,091.01

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