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Derek borrows $256,452.00 to buy a house. He has a 30-year mortgage with a rate of 4.58%. The monthly mortgage payment is $________. Derek borrows

Derek borrows $256,452.00 to buy a house. He has a 30-year mortgage with a rate of 4.58%. The monthly mortgage payment is $________.

Derek borrows $283,432.00 to buy a house. He has a 30-year mortgage with a rate of 4.68%. After making 87.00 payments, how much does he owe on the mortgage?

A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly?

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