1. Calculate and report Rebeccas monthly mortgage payment using the following assumptions:
   1. Purchase price=600,000
   2. Down payment (20%)=120,000
   3. Effective monthly rate=0.33% per month
   4. Number of monthly payments=25 years*12=300

Ignore any other assumptions in the calculation, like maintenance costs or HOA payment. We dont know whether Rebecca will be buying/renting a condo or an apartment. Assume that Rebecca will be applying for a conventional mortgage, and no part of the down payment can be rolled into the principal amount.

2. Calculate and report the outstanding mortgage principal after two, five and ten years

3. Calculate and report the future gain or loss from the purchase and resell of the condo after two, five and ten years. Assume the condo could be resold for $600,000.

4. Calculate and describe the profit/loss from the purchase and resell of the condo after two, five and ten years. Assume the condo price decreases by 10% in two years, goes back up to $600,000 in five years, and increases by 10% in ten years.

5. Calculate and describe the profit/loss from the purchase and resell of the condo after two, five and ten years. Assume the condo price increases 2% every year since purchase

6. Explain why you would buy or not buy the condo based on these calculations. What other considerations would affect your decision?