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1. LOOA $198 000 mortgage amortized by monthly payments over 20 years is renewable after 5 the years. Interest is 4.65% compounded semi-annually. (a) What is the size of the monthly payments? (b) How much interest is paid during the first year? (c) How much of the principal is repaid during the first 5-year term? (d) If the mortgage is renewed for a further 5-year term at 5.24% compounded semi-annually, what will be the size of the monthly payments? (e) Construct a partial amortization schedule showing details of the first three payments for each of the two 5-year terms. wes $27500 10 1