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18. Suppose you bought a house of $1,000,000 in January 1st, 2020 with 20% down payment. The fixed yearly mortgage rate is 5.2%.The loan periods
18. Suppose you bought a house of $1,000,000 in January 1st, 2020 with 20% down payment. The fixed yearly mortgage rate is 5.2%.The loan periods are 30 years. What is your monthly payment (monthly compound)?
a. $5,123 b. $4,393 c. $3,819 d. $7,528 e. $2,762
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