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A $95,000 mortgage is to be amortized by making monthly payments for 25 years. Interest is...

A $95,000 mortgage is to be amortized by making monthly payments for 25 years. Interest is 8.6% compounded semi-annually for a six​-year term.

​(a)Compute the size of the monthly payment.

​(b) Determine the balance at the end of the six-year term.

​(c)If the mortgage is renewed for a six-year term at 6​% compounded semi-annually, what is the size of the monthly payment for the renewal​ term?

​(a) The size of the monthly payment is $__.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

​(b) The balance at the end of the six-year term is ​$__.​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

​(c) The size of the monthly payment for the renewal term is ​$__.​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

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