9 A bond with a face value of $6000 and a 4.4% coupon has a 5-year maturity.
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9 A bond with a face value of $6000 and a 4.4% coupon has a 5-year maturity. Find the annual interest paid to the bondholder.
10 A bond has a $12,000 face value, an 8-year maturity, and a 3.05% coupon. Find the total of the interest payments paid to the bondholder
11 After making payments of $891.10 for 8 years on your 30-year loan at 8.5%, you decide to sell your home. What is the loan payoff? (Round your answer to two decimal places.)
12 A homeowner has a mortgage payment of $996.60, an annual property tax bill of $599, and an annual fire insurance premium of $300. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
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