In October 2019, the average rent for a two-bedroom apartment in Ottawa was approximately $1,720 per month. Whereas the average house price was approximately $465,000. Assume for all payments that they are made at the end of each period. Question 21 (1 point) Based on the 4.5 percent mortgage rate (compounded semi-annually), what would be the Effective Annual Rate for this mortgage rate? (1 mark) 4.551% 5.023% 4.764% 3.235% 4.356% Question 22 (1 point) What would be the Effective Monthly Rate for this mortgage rate? (1 mark) 0.4022% O 0.3715% O 0.4722% 0.3485% O 0.2937% Question 23 (2 points) Based on 4.5 percent mortgage rate (compounded semi-annually), what would be the largest mortgage amount that one could afford, based on a 20-year mortgage with monthly payments that are equal to the average rental payment of $1,720. (2 marks) $345.213.25 $284.200.75 $420,465.15 $310,656.56 $272,840.41