George planned to buy a house but could afford to pay only $10,500 at the end of every 6 months for a mortgage with an interest rate of 4.30% compounded semi-annually for 30 years. He paid $20,500 as a down payment.

a. What was the maximum amount he could afford to pay for a house?

Round to the nearest cent

b. What was his total investment through the mortgage period (not taking the time-value of money into account)?

Round to the nearest cent

c. What was the total amount of interest paid through the mortgage period?

Round to the nearest cent

George planned to buy a house but could afford to pay only $10,500 at the end of every 6 months for a mortgage with an interest rate of 4.30% compounded semi-annually for 30 years. He paid $20,500 as a down payment.

a. What was the maximum amount he could afford to pay for a house?

Round to the nearest cent

b. What was his total investment through the mortgage period (not taking the time-value of money into account)?

Round to the nearest cent

c. What was the total amount of interest paid through the mortgage period?

Round to the nearest cent