Justin Trudeau wants to buy a ski cottage near Saskatoon for 1,600,000, with a 20% down payment. He takes out an interest-only mortgage with a 6.9% annualized coupon rate and a five year term, fully amortized over 20 years. Concemed over his ability to service his mortgage over its tem, he wants to calculate his coupon payment for month 20. You, being his lender, correctly tell him that it is: $7,256.38 $2,318.11 $8,867.45 $1,120.42 none of the above Justin Trudeau wants to buy a ski cottage near Saskatoon for 1,600,000, with a 20% down payment. He takes out an interest-only mortgage with a 6.9% annualized coupon rate and a five year term, fully amortized over 20 years. Concemed over his ability to service his mortgage over its tem, he wants to calculate his coupon payment for month 20. You, being his lender, correctly tell him that it is: $7,256.38 $2,318.11 $8,867.45 $1,120.42 none of the above