Oi Question 7 of 20 A $260,000 house in Hamilton was purchased with a down payment of 20.00% of its value and a 25 year mortgage was taken for the balance. The negotiated fixed interest rate was 4.25% compounded semi-annually for a three-year term, with repayments made at the end of every month. a. Calculate the size of the monthly payments. Round to the nearest cent SAMOROGRESS SUBMIT ASSIG EN w W Close Date: Fri, Aug 7, 2020 3:30 PM Question of 20 b. Complete the partial mortgage schedule for the three-year term, rounding the answers to the nearest cent. Payment Number Payment Interest Portion Principal Portion Principal Balance $208,000.00 e > HORAS SUBMIT ASSIG Question 7 of 20 v ROGRESS SUBMIT ASSH