sunking Achievement Check 12. A $202 500 mortgage is amortized over 20 years at 6.05% per year. a) Use technology to determine the monthly and the semi-monthly payments. b) Compare the total amount paid for each payment frequency. Approximately how long would it take to pay the mortgage in full by making weekly payments of $400? Justify your answer. Provide TVM Solver screens to show the settings you used. d) What is the effect of increasing the weekly payments by a fixed amount? Use an increase of $1 in the payment to help you explain. . Chapter 7