Question $1(2$ points$)$

Three years ago the Jones purchased a house for $$675,000.$ They made a down payment of $20\%$ and took out a mortgage with BMO for the balance. They amortized the mortgage over $25$ years at $3\mathrm{.}2\%$ compounded semi$-$annually for a $3$ vear term.

Calculate their mosthly paymene. The bank rounds the payment up to the next dollar.

$$15,746$

$$2,618$

$$2,612$

$$3,264$

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