Question 8 of 8 A 30-year, $485,000 mortgage at 3.40% compounded quarterly is repaid with monthly payments. a. What is the size of the monthly payments? Round to the nearest cent. Question 8 of 8 b. Find the balance of the mortgage at the end of 6 years? Round to the nearest cent. c. By how much did the amortization period shorten by if the monthly payments are increased by $150 at the end of year six? SAVE PROGRESS SUBMIT ASSIC W