Transcribed image text: The monthly mortgage payment on your house is $2723 It is a 30-year mortgage at a quoted rate of 3.47%. How much did you borrow? Note: All Canadian Mortgages are quoted as APR compounded semi-annually. A retain at least six places of a decimal in your calculation) Select one: O 610551.75 O $608666.08 O $78163.52 $2662199.79 Incorrect question. Mortgages are always quoted in APR compounded monthly