The locked in term Question 2 (1 point) Adam's house was purchased for $280,000 five years ago and is worth $296,000 now. His original mortgage was $224,000 amortized over 25 years, at four percent interest compounded semi-annually. He makes monthly payments. How much is his monthly mortgage payment? $1,182 Not enough information given to answer this question $1,472 $1,178 Question 3 (1 point) Which of the following is true regarding conventional mortgages? They are a form of closed mortgage