Question: Question Completion Status Question 10 points A couple purchased a house for $450,000. They financed the home by putting 10% down and amortizing the balance

Question Completion Status Question 10 points A couple purchased a house for $450,000. They financed the home by putting 10% down and amortizing the balance over a period of 20 years. Interest rate for the first 5 years is set at 3.46% compounded semi-annually and payments will be made at the end of each month. Do not add a CMHC premium for this quesiton. a) Using the Ball Plus calculator determine the size of the monthly payments for the first 5 years. Round to 2 decimat places. Monthly Payment Do not add any S signs, commas or negative signs for your answer. b) Fill in the amortization table, making sure to give all details for the first 2 payments, the last 2 payments and the totals. Make sure to enter rounded values to 2 decimal places. Payment Number Payment Amount Interest Per Payment Principal Per Payment Outstanding Balance 0 1 2 N-1 Sonnd Tyne here to search BE MC Payment Number Payment Amount Interest Per Payment Principal Per Payment Outstanding Balance 0 1 2 N.1 Second Last N Last Totals SMA Type bere to seach o 3 cm 440
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