The Bautistas sign a mortgage for $50,000 to be amortized over 20 years with a term of 5 years at 11% c.m. with equal monthly payments. On the date of the 19th payment, they make an additional payment of $25,000 subject to a penalty clause requiring a penalty of three times one month's interest on the prepaid principal. Find the balance at the end of the 5 year term. A Format B I 21 A The City of North Battleford borrowed $900,000 at 8.5% c.a. with interest to be paid yearly, the full principal due and payable in 8 years. A sinking fund is established with 8 annual payments to be made earning an estimated 5.5% c.a.. Find the total periodic charge. 6 GO Format U >