Question 10 of 14 Lionel purchased a house for $350,000. He made a downpayment of 20% of the value of the house and received a mortgage for the rest of the amount at 5.50% compounded semi-annually for 20 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. Round to the nearest cent ho b. Calculate the principal balance at the end of the 5-year term. Question 10 of 14 b. Calculate the principal balance at the end of the 5-year term. Round to the nearest cent c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 5.25% compounded semi-annually? Round to the nearest cent