Mikhail secured a $440,000 mortgage amortized over 25 years. The interest rate on

the mortgage was 6.4% compounded semi-annually for the first three years, based

on monthly payments.

Blank #1: What was the size of the monthly payment?

Blank #2: What was the principal balance at the end of the three-year term?

Blank #3: What would be the size of the monthly payment upon renewal at 6.7%

compounded semi-annually now amortized over 22 years?

pls can you provide a proper working