Intro You just took out a 15-year traditional fixed-rate mortgage for $400,000 to buy a house. The interest rate is 2.4% (APR) and you have to make payments monthly. - Attempt 1/10 for 10 pts. Part 1 What is your monthly payment? No decimals Submit Part 2 Attempt 1/10 for 10 pts. How much of your first monthly payment goes towards paying down the outstanding balance (n $)? No decimals Submit Problem 39 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,300 in one year. The appropriate interest rate is 16%. Attempt 1/10 for 8 pts. Part1 You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,300 promised for next year? No decimals Submit