Question 37 (4 points) CIBC offers a level payment mortgage with 15 years to maturity, 5% interest rate, $120,000 loan, monthly payment, and semi-annual compounding. What is the mortgage's monthly payment? $948.95 $952.78 $932.17 $945.81 $939.26 Question 34 (2 points) Saved A mortgage loan's balance is the at the contract interest rate. of remaining contract payments, discounted none of the others is correct. future value present value total sum Question 32 (2 points) The fixed rate mortgage places all the interest rate risk on the borrower and none on the lender. True False Question 33 (2 points) Which of the following items is not included in housing cost calculation by the mortgage gross debt service (GDS) ratio? property tax and strata fee heating cost annual vacation/travel cost O mortgage payment