In 2021, a standard 30-year fixed mortgage in the US could be had for somewhere around 3%. Following a series of interest rate increases by the Federal Reserve, today in October 2022 that number is closer to 7\%. Suppose in 2021 you were interested in buying a house worth $479,000 by taking out a 30 -year mortgage at 3% rate and 20% down payment. How much higher would your monthly mortgage payments be now for the same house at a 7% rate (same house price and percent down payment). Answer in whole dollars. Type your numeric answer and submit Hint First, calculate the monthly payments at 3% rate. Then, calculate them at 7% rate. How much higher are the payments at the higher rate? Subtract the payments at 7% from those at 3%. Don't forget about the down payment when calculating the monthly payments. Answered-Incorrect - 1 attempt left Hover over this 1 for Question 1 hint (=) Question 2 Homework * Unanswered A 10-year zero-coupon bond has a face value of $1,000. If its YTM is 5,4%, how much is this zero-coupon bond worth? Round to the nearest cent, Type your numeric answer and submit