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Please round of the answer as shown Thank you A S80, 000 mongage is to be amoifized by making monthly payments for 15 years Interost
Please round of the answer as shown Thank you A S80, 000 mongage is to be amoifized by making monthly payments for 15 years Interost is 5.3% compounded semi-annualy for a seven-year ferim (a) Compute the sze of the monthly payment. (b) Determine the balance at the end of the seven-year term (c) If the modgage is tenewed for a seven-year term at 7% compounded semi annualy, what is the size of the monthily payment for the renewal term? (a) The sze of the montlyy payment is? (Round the tinal answer lo the neaiest cent as needed. Round at intermediale values to sx decimal places as needed) (b) The bilance al the end of the sevenyear term is ? (Round the final arswer to the ncerest cent as needed Round at intermediate values to six decimal places as needed) (c) The size of the monthy payment for the renewal term is 5 (Round the final answer to the nearest cent os needed. Round all intermediale values to six decimal places as needed )
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