A mortgage for a condominium had a principal balance of $45,700 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 4.12% compounded semi-annually and payments were made monthly. a. Calculate the size of the payments. $0 Round up to the next whole number b. If the monthly payments were set at $727, by how much would the time period of the mortgage shorten? 0 year(s) c. If the monthly payments were set at $727, calculate the size of the final payment. $0.00 0 months Round to the nearest cent

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