You are arranging a $355,000 Canadian mortgage with a 30-year amortization period and a 6.75% posted interest rate. What is the monthly mortgage payment? (Do not round intermediate calculations. Round your answer to the nearest cent.) The monthly mortgage payment $ 2303 b. Suppose the bank offers you the opportunity to pay your monthly payments in two equal instalments (pay one-half of the monthly payment every 2 weeks). How much faster will you pay off your mortgage this way? (Do not round intermediate calculations. Round your answer to 1 decimal place.) The mortgage is paid off 17 years sooner