27&28

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QUESTION 27 You currently have a mortgage and make a monthly payment of 5702. The interest rate on the mortage is 6% APR and there are 15 years left on the mortgage Calculate the mortgage balance. Enter your answer to the nearest dollar. Do not round intermediate calculations, QUESTION 28 The table below shows rates on zero-coupon Treasury securities Maturity (years) 1 Yield 3.89 4.89 5.5% 2 3 Calculate the expected one year rate at the end of the first year (2/1). Round your final answer to three decimal places and use decimatformat 12. should be entered 123)