5. Suppose the Bank of Montreal is offering a 30-year mortgage with an EAR of 5.625%. If you plan to bofrow $275,000. what will your monthly payment be? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be $ (Round to the nearest cent.) 10. Assume that in 1974, interest rates were 7.261% and the rate of inflation was 13.205%. What was the real interest raw in 1974? How would the purchasing power of your savings have changed over the year? The real rate of interest in 1974 was have (1) y. which means that the purchasing power of your savings wowld (Round to three decimal places.) (1) decreased increased