Use the following to answer questions 17-18: Justin Case has purchased a $250,000 home by putting 20% down and taking out a 25-year mortgage with semi-monthly payments of $600 to finance the rest. The payments will be made at the end of each period. Chap 5 17. What was the quoted interest rate for the mortgage (with semi-annual compounding)? A) 5.27% B) 5.47% 250000X0.8 10 C) 5.41% P ic 0.21950488 17 EAR D) 5.20% E) 5.33% 24x25 -600 Chap. 6 18. Assuring that Justin makes every payment on time, what will be the total dollar amount of interest that he will pay over the life of the mortgage? A) $90,000 B) $140,350 C) $10,735 D) $160.000 E) $110,735