Section 2 - Time Value of Money and Mortgage Calculations You have purchased a condominium for $650,000. If the loan to value ratio is 95%, how much cumulative principal have you paid on the mortgage after 5 years if the amortization period is 30 years and the nominal interest rate is 2.5%? Assume that interest is compounded semi-annually and payments are made monthly. $14,030 O $5,804 O None of the options listed O $1,306 O $73,770 You are investing $200 a month at an annual interest rate of 2.5%. How much money will you have saved in 4 years? S831 None of the options listed $9,077 $10,085 $9,127