1. You are interested in purchasing a new home by taking out a mortgage. Below are the terms of purchase. Determine the estimated monthly payment for the loan. 2. Assuming you have paid your mortgage on time every month and made no extra payments, you decide at the end of year 10 that interest rates have dropped significantly and would like to refinance your loan. You do not wish to extend the remaining years of your loan. 4.375% Determine the following Principal amount that you wish to refinance: Desired term of the new loan: Determine the new mortgage payment. 1. You invested your cash for 6 years with an expectation to yield at least a 9% return. Below are your actual cashflows. Determine the IRR of your investment. Determine the NPV of your investment. Did you achieve your goal (Yes/No)