Question $2(2$ points$)$

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Five years ago, the Ferreiras purchased a house and took out a mortgage of $$600,000$ from the BMO bank. They amortized the mortgage over $25$ years at $2\mathrm{.}79\%$ compounded semi$-$annually for a $5-$year term. The bank calculated their monthly payment should be $$2,776.$

How much do they still owe after making $3$ years of payments?

$$612,517\mathrm{.}77$

$$547,917\mathrm{.}67$

$$595,823\mathrm{.}24$

$$500,064$

$$756,091\mathrm{.}01$