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To finance your new house, you have obtained a 20-year, $620,000 mortgage. The bank has offered you an interest rate of 6.8%. You can't decide on a payment frequency. Complete the following table to help you make a decision. Mortgage Payment Number of Payments per Year 12 24 26 52 Complete the table below. Number of Payments per Year 12 Mortgage Payment $ 24 26 $ 52 (Round to the nearest cent as needed.) You bought a house 3 years ago. To finance the purchase, you took out a mortgage for $275,000. The interest rate on the mortgage is 8.3% and the amortization period is 35 years. You chose to make 52 payments per year and each payment is $456.94. Your last payment was yesterday. How much principal remains owing today? The principal that remains owing today is $ (Round to the nearest cent as needed.) You bought a ski chalet at Mount Tremblant for $300,000. You borrow the full amount over a 20-year term. The bank quotes you a rate of 6.7%. You choose to make 26 payments per year. Over the life of the mortgage, what is the total amount of interest that you pay? The total amount of interest paid over the life of the mortgage is $ (Round to the nearest cent as needed.) You have just negotiated a home mortgage with a principal of $400,000. The bank's quoted rate is 4.7%. You chose a 35-year amortization and you decide to make 24 payments per year. Each mortgage payment is $964.82. How much interest do you pay in the first year? Express your answer as a percentage of the total value of your mortgage payments in the first year. The interest as a percentage of the total payments in year 1 is %. (Round to four decimal places as needed.)