Answer the following questions about the mortgage on your condo from the previous problem. 1. How much interest did you pay in the third year? 2. How much do you still owe after 4 years? 3. Assuming the mortgage rate stays the same for the whole mortgage what is the size of your final payment? D] A You purchase a two bedroom condo near UVic and take a mortgage of $310,000. You will repay the mortgage with monthly payments at the end of the month for 30 years. Find the size of these monthly payments if your mortgage rate is J2 = 4%. The bank has a policy of rounding up mortgage payments to the next dollar. Your Answer: 1475 Answer Question 20 (3 points) Answer the following questions about the mortgage on your condo from the previous problem. 1. How much interest did you pay in the third year? 2. How much do you still ow after 4 years? 3. Assuming the mortgage rate stays the same for the whole mortgage what is the size of your final payment? N Saved 9 Question 19 (1 point) You purchase a two bedroom condo near UVic and take a mortgage of $310,000 You will repay the mortgage with monthly payments at the end of the month for 30 years. Find the size of these monthly payments if your mortgage rate is J2 = 4%. The bank has a policy of rounding up mortgage payments to the next dollar. Your Answer: 12 5 1475 Answer .8 1 Question 20 (3 points) Answer the following questions about the mortgage on your condo from the previous problem 1. How much interest did you pay in the third year? 2. How much do you still owe after 4 years? 3. Assuming the mortgage rate stays the same for the whole mortgage what is the size of your final payment? 4 N You purchase a two bedroom condo near UVic and take a mortgage of $310,000. You will repay the mortgage with monthly payments at the end of the month for 30 years. Find the size of these monthly payments if your mortgage rate is J2 = 4%. The bank has a policy of rounding up mortgage payments to the next dollar. Your Answer: 1475.00 Answer Question 20 (3 points) Answer the following questions about the mortgage on your condo from the previous problem. 1. How much interest did you pay in the third year? 2. How much do you still owe after 4 years? 3. Assuming the mortgage rate stays the same for the whole mortgage what is the size of your final payment? A/