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Getta Pizza This! is a restaurant that has recently opened. The owner purchased their location with a down payment of $ 1 1 6 ,

Getta Pizza This! is a restaurant that has recently opened. The owner purchased their location with a down payment of $116,000 followed by a 25-year mortgage with equal end-of-quarter payments of $5155. The interest rate at the time of signing the mortgage papers was 4.8% compounded semi-annually.
a) Determine the purchase price of the restaurant location rounded to the nearest $1000.(4 marks)
b) Calculate the amount of interest paid from the start of the 15th year to the end of the 20th year. Use the rounded value from part (a) in this calculation. (7 marks)
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