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1. Derek borrows $264,986.00 to buy a house. He has a 30-year mortgage with a rate of 5.09%. The monthly mortgage payment is $________. 2.

1. Derek borrows $264,986.00 to buy a house. He has a 30-year mortgage with a rate of 5.09%. The monthly mortgage payment is $________.

2. Suppose you deposit $1,063.00 into an account 4.00 years from today. Exactly 20.00 years from today the account is worth $1,728.00. What was the account's interest rate?

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