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  3. solve a,b and c the balance on a mortgage was $40

Solve A,B and C The balance on a mortgage was $40,800 and an interest...

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Solve A,B and C

The balance on a mortgage was $40,800 and an interest rate of 3.75% compounded semi-annually was charged for the remaining 3-year term. Monthly payments were made to settle the mortgage. a. Calculate the size of the monthly payments. $0 Round up to the next whole number b. If the monthly payments were set at $1,300, how long would it take to pay off the mortgage? b. If the monthly payments were set at $1,300, how long would it take to pay off the mortgage? 0 years o months Express the answer in years and months, rounded to the next payment period C. If the monthly payments were set at $1,300, calculate the size of the final payment. $0.00 Round to the nearest cent

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