Question: Please Solve Correctly A mortgage for a condominium had a principal balance of $49,200 that had to be amortized over the remaining period of 8

Please Solve Correctly

Please Solve Correctly A mortgage for a condominium had a principal balance

A mortgage for a condominium had a principal balance of $49,200 that had to be amortized over the remaining period of 8 years. The interest rate was fixed at 3.92% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments. Round up to the next whole number. b. If the monthly payments were set at $748, by how much would the time period of the mortgage shorten? year(s) months c. If the monthly payments were set at $748, calculate the size of the final payment. Round to the nearest cent Please show steps using algebra or ba 2 plus financial calculator not excel

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