Mortgage. John recently purchased a $400,000.00 house in Vancouver, BC. He puts a 20% down deposit and borrows the rest from a bank that charges 3.50% compounded monthly for 30 years. What is his monthly mortgage payment (round to the nearest cent)? a. $1,425.12 b. $1,421.73 c. $1,432.68 d. $1,436.94 Sinking Funds. Dalmine Inc. plans to set up a sinking fund to repay $675,000.00 in 6 years. If the lender offers an interest rate of 5.15% compounded monthly, how much will Dalmine need to pay monthly? a. $8,238.58 b. $8,120.29 c. $8,060.79 d. $8,020.98 Mortgage. Daniel just purchased a $750,000.00 house in Calgary, Alberta. He puts a 30% down payment and borrows the rest from a bank that charges 2.50% compounded monthly for 35 years, so what is his monthly mortgage payment (round to the nearest cent)? a. $2,429.34 b. $2,399.55 c. $1,876.85 d. $2,412.71 Mortgage. John wants to buy a $400,000.00 house in Vancouver, British Columbia. He plans to put a 20% down payment and borrow the rest from a bank that charges 2.80% compounded monthly for 30 years. What is his monthly mortgage payment (round to the nearest cent)? a. $1,513.20 b. $1,519.87 c. $1,520.44 d. $1,314.86