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a) If interest is 7% compounded annually, what is the size of the payments? b) How much of the principal is repaid by the fourth payment? c) What is the balance at the end of the 3-year term? d) If the mortgage is renewed for a further 4 years but amortized over 8 semi-annually, what is the size of the quarterly payments for the renewal period? e) Construct a partial amortization schedule showing details of the first three payments for each of the two terms. a) If interest is 7% compounded annually, what is the size of the payments? b) How much of the principal is repaid by the fourth payment? c) What is the balance at the end of the 3-year term? d) If the mortgage is renewed for a further 4 years but amortized over 8 semi-annually, what is the size of the quarterly payments for the renewal period? e) Construct a partial amortization schedule showing details of the first three payments for each of the two terms