Suppose you buy a house for $640,000 and you have $90,000 in savings which you use as a down payment. The rest you finance with a 5-year mortgage with monthly payments and a quoted interest rate of 3.2% APR. In Canada, mortgage rates are quoted with semi-annual compounding, so this rate is an APR with semi-annual compounding and monthly payments.

(c) How much do you still owe after 3 years (i.e. immediately after you have paid the 36th payment)

(d) What is the amortization amount on the 37th mortgage payment?