the answer is not 45711

Emily, Bev, and Doug had originally thought that the computer equipment upgrade that ABC decided to undertake could be paid for with cash in the bank. As at June 25,2024 , the balance of the 5% mortgage payable after making the payment on that day was $49,146. Monthly principal and interest instalment payments are $687, paid on the 25 th of each month. The mortgage is up for renewal on November 25, 2024. Because interest rates have fallen since the original mortgage was signed, it can be renewed at an interest rate of 4%. In addition, Emily has decided to reduce the mortgage term to five years, instead of the seven years remaining. The ABC upgraded its server and other computing equipment. Unfortunately, there was not enough cash to pay for the equipment. ABC arranged for a $42,000 operating line of credit with its bank, using $21,000 of this line to finance this upgrade. Emily would like tc pay off the operating line of credit by transferring the $21,000 owed on the line to the mortgage payable balance outstanding instead of trying to pay the balance owed on the line of credit from cash generated from operations. The bank has agreed to accommodate both of these requests and has advised that the monthly instalment payments will be $1,247 for the combined amounts and revised term, with payments starting on December 25, 2024. (a) If the amount of mortgage owing was $49,146 on June 25 , and instalment payments are $687 per month, as indicated above, what is the amount of the mortgage owing at November 25,2024 , after making the payment on that date, immediately before it is renegotiated? (Round answer to 0 decimal places, e.g. 5,275.) Amount of the mortgage owing at November 25, 2024 $