Monthly Mortgage Dream that you are purchasing your first house in Delta and that you have just closed the deal in which you have agreed to pay $789,000.00. You are going to put 10% down and finance the rest through the Toronto Dominion Bank. You want to pay monthly payments (at the end of each month) and the mortgage will be compounded semi-annually. The interest will be at 4.5%. Assume you can maintain this interest rate for the full 25 years of the mortgage. You must have your calculator set to 2 decimal places when using the AMORT button. This is not Annuity Due, make sure you don't have the BGN up. This is a General Annuity, set P/Y and C/Y separately. Do not include the $ sign with your answers. (a) Find the monthly payments required. (b) Use the AMORT to find the amount of interest. Accelerated Bi-Weekly Mortgage Now consider the mortgage above, but this time you are going to pay accelerated bi-weekly payments. (c) Find the bi-weekly payments required. You are not solving for the PMT here, just divide the payment you found above by 2. (d) Calculate the number of payments (N). Payments per year now equals 26. Round up to the next whole value.