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Wing Sze takes out a $500,000.00 mortgage with a term of 3 years and an amortization period of 20 years. The interest rate on the

Wing Sze takes out a $500,000.00 mortgage with a term of 3 years and an amortization period of 20 years. The interest rate on the mortgage is 3.250% compounded monthly and she will make weekly payments. How much does she still owe when the term is over? Show your work

a.

$461,808.93.

b.

$444,047.05.

c.

$364,118.58.

d.

$457,368.46.

e.

$448,487.52.

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