resource/section/7470/assignment/14335 Darsh Question 2 of 13 estion 5 (4) estion 6 (3) estion 7 (3) estion 8 (3) estion 9 (4) estion 10 (3) estion 11 (7) estion 12 (3) estion 13 (3) A mortgage for a condominium had a principal balance of $44,300 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 4.02% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments. So Round up to the next whole number b. If the monthly payments were set at $706, by how much would the time period of the mortgage shorten? SE DATE ril 14th 06:35 pm o year(s) 0 months Submit ave Progress c. If the monthly payments were set at $706, calculate the size of the final payment. Round to the nearest cent Next Question resource/section/7470/assignment/14335 Darsh Question 2 of 13 estion 5 (4) estion 6 (3) estion 7 (3) estion 8 (3) estion 9 (4) estion 10 (3) estion 11 (7) estion 12 (3) estion 13 (3) A mortgage for a condominium had a principal balance of $44,300 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 4.02% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments. So Round up to the next whole number b. If the monthly payments were set at $706, by how much would the time period of the mortgage shorten? SE DATE ril 14th 06:35 pm o year(s) 0 months Submit ave Progress c. If the monthly payments were set at $706, calculate the size of the final payment. Round to the nearest cent Next
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