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Answer both questions. If only one is answered, I will downvote. 022) You purchases a house for $166,435.00. You made a down payment of 20,000
Answer both questions. If only one is answered, I will downvote.
022) You purchases a house for $166,435.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 4.91%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points) 023) A 1,000 par value bond that pays interest annually just paid $62.00 in interest. What is the coupon rate? (1.5 points) When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal placesStep by Step Solution
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