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In the years following the 2008 financial crisis, the fraction of residential mortgages in foreclosure reached around Question 6 Betty bought a house for $56.98

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In the years following the 2008 financial crisis, the fraction of residential mortgages in foreclosure reached around Question 6 Betty bought a house for $56.98 million with a mortgage loan. She put $17.25 million as down payment and bortowed the rest. The loan-to-ralue (trV) rato at the trma of purchase equals %. (Keep at least two digits after the decimal point). Question 7 Cersei took out a 12-year fully amortizing constant payment mortgage of $ C 87341 to buy an apartment. The nominal interest rate of the mortgage equals 7,14%. 3 . compounded monthly. Her monthly payment equals \$ Keep at least two digits after the decinal point. Question 8 Danny took out of a 27 -year fully-amortizing mortgage of $638,891 to buy a house. Her monthly payment equals $3557. The interest rate of this mortgage is (x) annum. compounded monthly. Keep at least two digits after the decimal point

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