You have decided to buy a house after graduation and have found your "forever home"; it only costs $850,000. The bank has a serious lapse in judgement and offers you a mortgage with the following terms: 4.5% APR compounded semi-annually, 20% down payment, a term of 5 years, monthly payments, an ammortization period of 25 years. Assume there are no other fees and you pay the full price.

Part A: How much is the mortgage (loan)?

Part B : How much are your mortgage payments?

Part C : Complete a tabular ammortization schedule for years the first 5 years. How much is left owing after 5 years?