Mitchell received a 30 year loan of $310,000 to purchase a house. The interest rate on the loan was 4.60% compounded semi-annually.

a. Calculate the monthly payment amount. Round to the nearest cent b. Calculate the principal balance at the end of the 4 year term. Round to the nearest cent C. Calculate the monthly payment amount if the mortgage was renewed for another 4 years at 7.02% compounded semi-annually? Round to the nearest cent