A $660,000 townhome in Richmond Hill was purchased with a down payment of 20% of the amount. A 20-year mortgage was taken for the balance. The negotiated fixed interest rate was 4.5% compounded semi-annually for a three-year term with repayments made at the end of every month. a. What is the size of the monthly payment? $0 00 Round to the nearest cent b. What was the principal balance at the end of the three-year term? $0.00 Round to the nearest cent c. By how much did the amortization period shorten if the size of the periodic payments were increased by 15% starting from the 37th payment? Assume the same interest rate. 0 months

Falco Inc. financed the purchase of a machine with a loan at 3.34% compounded semi-annually. This loan will be settled by making payments of $7, 100 at the end of every six months for 7 years. a. What was the principal balance of the loan? b. What was the total amount of interest charged?

A house sells for  $155,000  and a  20%  down payment is made. A mortgage was secured at  3%  for  30  years. Round to the nearest cent, if necessary. Part: 0 / 4 0 of 4 Parts Complete   Part 1 of 4       Find the down payment.   The down payment is  $ .   (b) Find the amont of the mortgage. (c) Find the monthly payment ( d) Find the total interest paid

3. A $310,000 house in Hamilton was purchased with a down payment of 20.00% of its value and a 20 year mortgage was taken for the balance. The negotiated fixed interest rate was 3.75% compounded semi-annually for a five-year term, with repayments made at the end of every month. a. Calculate the size of the monthly payments. b. Complete the partial mortgage schedule for the five-year term, rounding the answers to the nearest cent.(see image attached) Kindly keep all the decimals for all the procedures, DO NOT ROUND