you want to buy a property in city of Vancouver and the purchase price is $550000. you will be making a down payment of 20% of the purchase e amd you wil be taking a mortgage for the rest of the amount. For the mortgage your bank quoted you an interest rate apr semiannual compoundding with 25 year amortization and you have converted the rate to apr monthly compounding of 2.1% apr monthly compounding. what would be the monthly mortgage payment for the above purchase amd what would be the mortgage balance you owe your bank after 5 years of mortgage payment?