A mortgage broker offers to sell you a mortgage loan contract delivering month-end payments of $900 for

Question:

A mortgage offers to sell you a mortgage loan contract delivering month-end payments of $900 for the next 2 3/4 years. At that point, the principal balance of $37,886 is due and payable. What should you pay for the contract, if you require a return of 7.2% compounded monthly?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...