You are interested in purchasing a townhouse. The list price is $600,000. You ended up in a bidding war and paid 15% over the list price. You are a first-time homebuyer and put 5% down payment. What is your monthly mortgage payment given a nominal interest rate of 3.15%, compounded semi-annually over 25 years? $3,427 $3,153 $3,290 None of the options listed O $3,016 What is the equivalent interest rate for a nominal interest rate of 4.15% compounded semi-annually with 24 payments per year? 0.171% 0.086% None of the options listed 0.079% O 0.114%