Jordan and Mike are both planning on attending university in Calgary. Jordan's parents rent him a onebedroom apartment for $$750$ per month. Mike's parents bought a $3-$bedroom house for $$285000$ that required a down payment of $10\%$ and offered a mortgage amortized over $15$ years at an annual rate of $4\mathrm{.}15\%$ compounded semi$-$annually for a $5-$year term. They rented the other two rooms out for $$600$ per month. The house depreciated in value by $1\mathrm{.}5\%$ a year and the cost of taxes and maintenance averaged $$3000$ a year.

a$.$ How much did Jordan's parents pay in rent over the $S$ years?

a$.q,$

$1$ mark

b$.$ What were the monthly mortgage payments on Mike's parents' house? $($use your financial application and fill in the appropriate inputs$)$

$I=b$

b$.q,$

c$.$ How much was left to pay on the mortgage after $5$ years?

$($use your financial application and fill in the appropriate inputs$)$

d$.$ How much had the house lost in value $[$money$]$ over the $5$ years?

$N,PV=,PMT=$

$FV=,\frac{C}{Y}=,\frac{C}{Y}=$