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14. Community Bank has a loan with a payment of $650 on a 30 Year Fixed Rate Loan. After receiving payments for 2 years they

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14. Community Bank has a loan with a payment of $650 on a 30 Year Fixed Rate Loan. After receiving payments for 2 years they decide to sell the loan to Bank of America. How much will Bank of America pay for the loan to achieve a 7% annual rate with monthly compounding? 9 pts Question 15 15. You took out a 30 year fixed rate home loan for $200,000 at an annual rate of 4.5% with monthly compounding. What is the balance on the loan after 12 years

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