Question: A $ 1 2 0 0 0 0 mortgage amortized by monthly payments over 2 0 years is renewable after five years. c . Compute

A $120000 mortgage amortized by monthly payments over 20 years is renewable after five years. c. Compute the interest included in the 26th payment (d)If the mortgage is renewed after five years at 7.98% compounded semi annually , what is the size of the monthly payment for the renewal period?
(e) Construct a partial amortization schedule showing details of the first three payments for each of the two terms.

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