Question: A $ 4 9 2 , 7 0 0 mortgage at 2 . 2 6 % compounded semi - annually is amortized over 2 0

A $492,700 mortgage at 2.26% compounded semi-annually is amortized over 20 years. The mortgage is settled with monthly payments.
What is the size of the monthly payments? Enter your answer in blank #1.(Round your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.)
What is the balance on the mortgage at the end of year 13? Enter your answer in blank #2.(Round your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.)
By how much is the amortization period shortened by if a lump-sum payment of $44,000 at the end of year 13? Give your answer in years and months. Enter the years in blank #3 and enter the months in blank #4.
Question 1 options:
Blank # 1
Blank # 2
Blank # 3
Blank # 4

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