Jenna purchased a house for $325,000. She made a down payment of 25.00% of the value...

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Jenna purchased a house for $325,000. She made a down payment of25.00% of the value of the house and received a mortgage for therest of the amount at 5.72% compounded semi-annually amortized over20 years. The interest rate was fixed for a 5 year period.
a. Calculate the monthly payment amount.
b. Calculate the principal balance at the endof the 5 year term.
c. Calculate the monthly payment amount if themortgage was renewed for another 5 years at 5.32% compoundedsemi-annually?

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Jenna purchased a house for $325,000. She made a down payment of25.00% of the value of the house and received a mortgage for therest of the amount at 5.72% compounded semi-annually amortized over20 years. The interest rate was fixed for a 5 year period.a. Calculate the monthly payment amount.b. Calculate the principal balance at the endof the 5 year term.c. Calculate the monthly payment amount if themortgage was renewed for another 5 years at 5.32% compoundedsemi-annually?