Jared purchased a house for $500,000. He made a down payment of 15.00% of the value of the house and received a mortgage for the rest of the amount at 4.02% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 3 year period.

a. Calculate the monthly payment amount. $0.00 Round to the nearest cent

b. Calculate the principal balance at the end of the 3 year term. $0.00 Round to the nearest cent

c. Calculate the monthly payment amount if the mortgage was renewed for another 3 years at 3.32% compounded semi-annually? $0.00 Round to the nearest cent