The Taylors agreed to make monthly payments on a mortgage of $335 000 amortized over 15 years. Interest for the first three years was 4.0% compounded semi-annually. Determine the mortgage balance at the end of the three-year term

A $281,177.09

B. $291,087.29

C. $284,603.06

D. $282,909.28

A $240 000 mortgage is amortized over 20 years. If interest on the mortgage is 3.39% compounded semi-annually, calculate the size of monthly payments made at the end of each month.

$1,378.38

B.

$1,375.47

C.

$1,700.00

D.

$1,184.36