Gavin and Holly purchased a \\( \\$ 640,000 \\) condominium in Toronto. They paid \20 of the amount as a down payment and secured a 25-year mortage for the balance. They negotiated a fixed interest rate of \2.9 compounded semi-annually for a 5-year term with repayments made at the end of every month. Their mortgage contract also stated that they may prepay up to \15 of the original principal every year without at interest penalty. At the end of the first year, in addition to the regular monthly payment, they made a lump-sum payment of \\( \\$ 30,000 \\). a. What was the size of the monthly payment? Round to the nearest cent b. What was the principal balance at the end of the first year, prior to make the lump sum payment