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Shaun and Kelsey decide they will buy a three-bedroom condo, with a $1,150,000 mortgage from Royal Trust (25 year amortization, 3.5% compounded semi-annually, 5 year

Shaun and Kelsey decide they will buy a three-bedroom condo, with a $1,150,000 mortgage from Royal Trust (25 year amortization, 3.5% compounded semi-annually, 5 year term). Royal Trust has a policy of rounding monthly payments up to the next $100 dollar.What will be the size of their final payment?

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