Question $4(2$ points$)$

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Five years ago, the Jones 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 interest did they pay in the $3$rd year of the mortgage?

$$15,468\mathrm{.}05$

$$20,166\mathrm{.}42$

$$4,151\mathrm{.}24$

$$47,853\mathrm{.}67$

$$1,380\mathrm{.}54$

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