. Mr. Jones takes out a mortgage of $120 000 to purchase a home. The mortgage is amortized over 25 years, and the interest rate is 6.5% la, compounded semi-annually. a) Determine the monthly payments. N= I% PV= PMT= PXY= C/Y= PMT:ENC BEGIN b) How much interest is paid over the life of the mortgage? c) What monthly payments are required to pay off the mortgage in 20 years? N= I%= PV= PMT= FUE P/Y= CY PMT: ENG BEGIN d) How much in interest charges is saved by doing this? e) Suppose Mr. Jones makes bi-weekly payments of $450.00. How long will it take to pay off the mortgage