X + e/section/7470/assignment/14335 Arshd Question 10 of 13 A 20 year, $495,000 mortgage at 4.20% compounded annually is repaid with monthly payments. 01 410) con 5 (3) zion 6 (4) tion 7 (3) stion 8 (4) stion 9 (3) stion 10 (7) estion 11 (4) estion 12 (3) estion 13 (3) a. What is the size of the monthly payments? 50.00 Round to the nearest cent. b. Find the balance of the mortgage at the end of 5 years? $0.00 Round to the nearest cent. April 14th 06:35 pm Submit c. By how much did the amortization period shorten by if the monthly payments are increased by $275 at the end of year five? Save Progress 0 years months Express the answer in years and months, rounded to the next payment period Next