Question: computed for a 12-year amortization were rounded to the next higher $10. (Do not round intermediate calculations and round your 5 The interest rate for

computed for a 12-year amortization were rounded to the next higher $10. (Do not round intermediate calculations and round your 5 The interest rate for the first Six years of a $30,000 mortgage loan was 3.55% compounded semiannually. The monthly payments final answers to 2 decimal places.) a. Calculate the principal Jalance at the end of the rst term. Skinned Principal balance $ b. Upon renewal at 6.05% compounded semiannually, monthly payments were calculated for a six-year amortization and again rounded up to the next $10. What will be the amount of the last payment? Final payment $

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