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Question 1 of 9 A mortgage for a condominium had a principal balance of $44,900 that had to be amortized over the remaining period of
Question 1 of 9 A mortgage for a condominium had a principal balance of $44,900 that had to be amortized over the remaining period of 6 years. The interest rate was fixed at 3.82% compounded semi-annually and payments were made monthly. Question 1 of 9 a. Calculate the size of the payments. Round up to the next whole number b. If the monthly payments were set at $799, by how much would the time period of the mortgage shorten? Question 1 of 9 b. If the monthly payments were set at $799, by how much would the time period of the mortgage shorten? year(s) months c. If the monthly payments were set at $799, calculate the size of the final payment. Question 1 of 9 HUILCIT: year(s) months C. If the monthly payments were set at $799, calculate the size of the final payment. Round to the nearest cent
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