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all 4 please ht: 16054.80 T rem 11. Ann gets a fully amortizing 30-year fixed rate mortgage with monthly payments. The initial balance is $1,000,000.

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ht: 16054.80 T rem 11. Ann gets a fully amortizing 30-year fixed rate mortgage with monthly payments. The initial balance is $1,000,000. The interest rate is 3.50%, compounded monthly. What will be Ann's loan balance after her 240m payment (if Ann makes exactly the required monthly payment for 20 years)? QIL- 12. Using your answer from his, what fraction of the 241st payment will go to principal (in percent) principal (in percent Sol- 13. Ann gets a fully amortizing 30-year fixed rate mortgage with quarterly payments for $1,000,000. The interest rate is 4%, compounded quarterly. She prepays the mortgage in 1 quarter (i.e. she makes the 1"payment and immediately prepays the remaining balance). What is Ann's APR? Notes: a quarter equals 3 months, one year consists of 4 quarters, APR is annual 75.74% 14. Modify 013: At the moment when Ann signs the mortgage, she must pay a mortgage origination cost that egoals 2 points (2% of the initial mortgage balance). Everything else stays the same, and she still prepays the mortgage in 1 quarter. What is Ann's APR? 5.11. (1 /

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