2. You are interested in buying a 2-bedroom condo in Cincinnati. The price is $300,000. You have a 30-year 3% APR mortgage with 20% down payment. (1) What would be the monthly mortgage payment? (2) Suppose you rent the property out and the rental you collect will just cover the mortgage payment. You plan to keep the property till the mortgage matures and do not plan to make any pre-payment. What is your annual investment return (please calculate the bond-equivalent yield)? (3) You rent the apartment out for $2,000/month. The operating expense is $200. Assume the house value will increase by 30% after 30 years. Calculate the expected annual return of your investment. (Hint: compute IRR for the investment)