trevor purchased a house for$325000. He made a downpayment of 20.00% of the value of house and received a mortgage for the rest of the amount at 3.72% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 6 year period. a) calculate the monthly payment amount b) calculate the principal balance at the end of 6 year term c) Calaculate the monthly payment amount if the mortgage was renewed for another 6 years at 4.82% compounded semi-annually ?

Trevor purchased a house for $325,000. He made a down payment of 20.00% of the value of the house and received a mortgage for the rest of the amount at 372 minpounded semi-annually amortized over 20 years. The interest rate was fixed for a 6 year period. a. Calculate the monthly payment amount. found to the nesrest cent b. Calculate the principal balance at the end of the 6 year term