Question 1 of 5 - A mortgage for a condominium had a principal balance of $49,800 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 5.32% compounded semi-annually and payments were made monthly it 2) a. Calculate the size of the payments. $710 > Question 1 of 5 Round up to the next whole number b. If the monthly payments were set at $861, by how much would the time period of the mortgage shorten? year(s) o months the finalment C. If the monthly payments were set at $861, calculate the size of the final payment. $460.00 Round to the nearest cent