B. C. D. $10 164 Jenny and Kim obtain a mortgage for $350 000 at 3.1% per year with an amortization period of 20-year and a 4-year term. This means that: [1 mark] A. The mortgage will be paid off after 20 years. Interest will be charged at 3.1% per year after 4 years. The interest will be 3.1% for 20 years but the principal will be paid off after 4 years. The interest will be 3.1% for 20 years but Jenny and Kim can return the money at any time in the first 4 years. The interest will be 3.1% for 4 years, after which it will vary. The mortgage will be paid off over 20 years. D. [3 marks] $12 584 0. Ricky and Dory obtain a mortgage for $170 000.00 with an amortization period of 30 years and a 5-year term. Assume that the mortgage is at a fixed interest rate of 3.7% for the entire amortization period. Use an online mortgage calculator (or the TVM Solver) to determine Ricky and Dory's monthly payment.