Sam and his wife love to ski and they have just moved to Toronto. As a result, they have put an effort on a house in Toronto. The selling price is $820,000 and they have $200,000 for a down payment. The interest rate for a 3-year term is 5 percent compounded semi-annually and they would like to amortize the mortgage over 30 years. They would also like to make weekly payments. Based on this information: 1) Calculate Sam's weekly mortgage payment. 2) Calculate the outstanding balance after 3 years. 3) Calculate the amount of interest Sam will pay on this mortgage over 3 years 4) is it a conventional mortgage? Explain. Sam and his wife love to ski and they have just moved to Toronto. As a result, they have put an effort on a house in Toronto. The selling price is $820,000 and they have $200,000 for a down payment. The interest rate for a 3-year term is 5 percent compounded semi-annually and they would like to amortize the mortgage over 30 years. They would also like to make weekly payments. Based on this information: 1) Calculate Sam's weekly mortgage payment. 2) Calculate the outstanding balance after 3 years. 3) Calculate the amount of interest Sam will pay on this mortgage over 3 years 4) is it a conventional mortgage? Explain